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Guideline Value

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Guideline Value for Kamakodi Nagar - Vinayagar Koil Street

₹4400/sq.ft.

The guideline value for Kamakodi Nagar - Vinayagar Koil 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 N/A
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 - Vinayagar Koil Street

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Kamakodi Nagar - Vinayagar Koil Street guideline value

The current guideline value of Kamakodi Nagar - Vinayagar Koil 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 falls under the Residential Class I Type - II land classification.

How the guideline value of Kamakodi Nagar - Vinayagar Koil Street has changed

The guideline value for Kamakodi Nagar - Vinayagar Koil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the 2023 revision of Rs 4,000 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 4,000 per sq.ft, indicating no change between 2012 and 2023. The register has no figures for the years 2017, 2007, 2003, and 2002 for this street.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. This reflects the adjustments made in the recent years, particularly the notable change from 2023 to 2024.

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 for these streets is Rs 3,850 per sq.ft, placing Kamakodi Nagar - Vinayagar Koil Street's 2024 figure above this median.

Stamp duty and registration fee for property in Kamakodi Nagar - Vinayagar Koil 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, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamakodi Nagar - Vinayagar Koil Street?

The Sub Registrar Office that covers Kamakodi Nagar - Vinayagar Koil Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and compliance with legal standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure that all financial obligations are met during the transaction.

Frequently asked questions

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

The current guideline value of Kamakodi Nagar - Vinayagar Koil 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 increased by 10% from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. There was no change in the value from 2012 to 2023, remaining at Rs 4,000 per sq.ft.

What is the land classification for Kamakodi Nagar - Vinayagar Koil Street?

Kamakodi Nagar - Vinayagar Koil Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kamakodi Nagar - Vinayagar Koil Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Kamakodi Nagar - Vinayagar Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.