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Guideline Value

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Guideline Value for Kamakodi Nagar Anex - Manickavasagar Street

₹4400/sq.ft.

The guideline value for Kamakodi Nagar Anex - Manickavasagar 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 Anex - Manickavasagar Street

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Kamakodi Nagar Anex - Manickavasagar Street guideline value

The current guideline value of Kamakodi Nagar Anex - Manickavasagar 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 Anex - Manickavasagar Street has changed

The guideline value for Kamakodi Nagar Anex - Manickavasagar Street has seen significant changes over the years. In the 2007 revision, the value was Rs 650 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 saw a further increase to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 577%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 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 for these streets is Rs 3,850 per sq.ft, placing Kamakodi Nagar Anex - Manickavasagar Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamakodi Nagar Anex - Manickavasagar Street?

The Sub Registrar Office that covers Kamakodi Nagar Anex - Manickavasagar 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is bought or sold, the guideline value is used to calculate the charges, ensuring that the fees reflect the official valuation of the property. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of Kamakodi Nagar Anex - Manickavasagar 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 from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 577% over the years.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Kamakodi Nagar Anex - Manickavasagar Street?

The Virugambakkam Sub Registrar Office handles registrations for Kamakodi Nagar Anex - Manickavasagar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for this street?

Kamakodi Nagar Anex - Manickavasagar Street is classified as Residential Class I Type - II.