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Guideline Value

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Guideline Value for Kamakodi Nagar Anex - Thilagar Street

₹4400/sq.ft.

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

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Kamakodi Nagar Anex - Thilagar Street guideline value

The current guideline value for Kamakodi Nagar Anex - Thilagar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value for Kamakodi Nagar Anex - Thilagar Street has seen several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 650 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of 515%. The value remained unchanged at Rs 4,000 per sq.ft until the next revision in 2023, when it increased to Rs 4,400 per sq.ft, reflecting a 10% rise. The current value of Rs 4,400 per sq.ft will come into effect from 1 July 2024.

There are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 577%.

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 Anex - Thilagar Street above this median.

Stamp duty and registration fee for property in Kamakodi Nagar Anex - 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 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, bringing the total fees to 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 Anex - Thilagar Street?

The registration office that covers Kamakodi Nagar Anex - Thilagar 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 is a crucial factor in property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value of properties for registration purposes. When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the higher value between the guideline value and the sale price is considered for duty calculations. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

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

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

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft, with Kamakodi Nagar Anex - Thilagar Street's value being above this median.

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.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.