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Guideline Value

Corporate

Guideline Value for Kamakodi Nagar Annex (Others)

₹4400/sq.ft.

The guideline value for Kamakodi Nagar Annex (others) 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 Annex (others)

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Kamakodi Nagar Annex (Others) guideline value

The current guideline value for Kamakodi Nagar Annex (Others) is Rs 4,400 per sq.ft, effective from 1 July 2024. This area 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 Annex (Others) has changed

Looking at the historical revisions, the guideline value for Kamakodi Nagar Annex (Others) has seen several changes. The 2012 revision marked the guideline value at Rs 4,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was updated to Rs 4,000 per sq.ft, and subsequently, in the 2024 revision, it increased to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street in the register.

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, making the current value of Rs 4,400 per sq.ft for Kamakodi Nagar Annex (Others) higher than the median.

Stamp duty and registration fee for property in Kamakodi Nagar Annex (Others)

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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 to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamakodi Nagar Annex (Others)?

The Virugambakkam Sub Registrar Office covers Kamakodi Nagar Annex (Others) and is 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 an essential factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps in calculating the taxes owed to the government. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Kamakodi Nagar Annex (Others)?

The current guideline value of Kamakodi Nagar Annex (Others) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 4,000 per sq.ft to Rs 4,400 per sq.ft in 2024, representing a 10% increase overall.

What is the land classification for Kamakodi Nagar Annex (Others)?

Kamakodi Nagar Annex (Others) is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What is the stamp duty rate for property transactions in Kamakodi Nagar Annex (Others)?

The stamp duty rate for property transactions in Kamakodi Nagar Annex (Others) is 7% of the guideline value or the sale price, whichever is higher.

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.