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Guideline Value

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Guideline Value for Kamakodi Nagar - Thilagar Street

₹4400/sq.ft.

The guideline value for Kamakodi Nagar - Thilagar Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kamakodi Nagar - Thilagar Street

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Kamakodi Nagar - Thilagar Street guideline value

The current guideline value of Kamakodi Nagar - Thilagar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kamakodi Nagar - Thilagar Street has changed

The guideline value for Kamakodi Nagar - Thilagar Street has seen several revisions over the years. In 2007, the value was set at Rs 650 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of 515%. This value remained unchanged until the 2023 revision, which also recorded Rs 4,000 per sq.ft. However, from 2023 to 2024, the guideline value increased by 10% to reach Rs 4,400 per sq.ft.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, placing Kamakodi Nagar - Thilagar Street above this median at Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Kamakodi Nagar - Thilagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamakodi Nagar - Thilagar Street?

The Kamakodi Nagar - Thilagar Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Valasaravakkam

The guideline value is a crucial factor in the registration process of property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is important for both the buyer and seller. The registration process will utilize the guideline value to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kamakodi Nagar - Thilagar Street?

The current guideline value of Kamakodi Nagar - Thilagar Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 577% over the years.

What is the registration office for Kamakodi Nagar - Thilagar Street?

The registration office for Kamakodi Nagar - Thilagar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% on the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value, which is essential for both buyers and sellers.