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Guideline Value

Corporate

Guideline Value for Kamamodi Nagar Main road II part

₹4400/sq.ft.

The guideline value for Kamamodi Nagar Main Road Ii Part 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 Kamamodi Nagar Main Road Ii Part

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Kamamodi Nagar Main road II part guideline value

The current guideline value of Kamamodi Nagar Main road II part 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 street is Residential Class I Type - II.

How the guideline value of Kamamodi Nagar Main road II part has changed

The guideline value for Kamamodi Nagar Main road II part has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, an increase from Rs 4,000 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from 2012 to 2023, where it remained at Rs 4,000 per sq.ft. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase.

Prior to 2012, the register has no figures for the years 2002, 2003, 2007, and 2017. The 2012 revision marked the last recorded value before the 2023 revision, which also maintained the same rate. Thus, the guideline value has effectively risen from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of Kamamodi Nagar Main road II part is above this median.

Stamp duty and registration fee for property in Kamamodi Nagar Main road II part

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 be Rs 3,08,000, while the registration fee at 2% would amount to Rs 88,000. Together, the total cost for these fees would be 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamamodi Nagar Main road II part?

The Sub Registrar Office that covers Kamamodi Nagar Main road II part 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 the registration process of property transactions in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the fair value of the property, facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Kamamodi Nagar Main road II part?

The current guideline value of Kamamodi Nagar Main road II part 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 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, marking a 10% increase over this period.

What is the land classification for Kamamodi Nagar Main road II part?

The land classification for Kamamodi Nagar Main road II part is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kamamodi Nagar Main road II part?

The Sub Registrar Office for Kamamodi Nagar Main road II part is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for property 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.