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Guideline Value

Corporate

Guideline Value for Kamaraj Avenue 1st Street

₹2750/sq.ft.

The guideline value for Kamaraj Avenue 1st Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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 Kamaraj Avenue 1st Street

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Kamaraj Avenue 1st Street guideline value

The current guideline value of Kamaraj Avenue 1st Street is Rs 2,750 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 IV Type - I.

How the guideline value of Kamaraj Avenue 1st Street has changed

The guideline value for Kamaraj Avenue 1st Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,500 per sq.ft. The 2012 revision also recorded a value of Rs 2,500 per sq.ft, indicating no change from 2012 to 2023. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This reflects the adjustments made in the recent years, particularly the notable increase 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 in the area is Rs 3,850 per sq.ft, placing Kamaraj Avenue 1st Street's 2024 figure below this median.

Stamp duty and registration fee for property in Kamaraj Avenue 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that 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 Kamaraj Avenue 1st Street?

The Kamaraj Avenue 1st Street is covered by 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 in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value is used to calculate the applicable fees, which are essential for the legal transfer of ownership. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Kamaraj Avenue 1st Street?

The current guideline value of Kamaraj Avenue 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, with the value remaining at Rs 2,500 per sq.ft.

What is the land classification for Kamaraj Avenue 1st Street?

Kamaraj Avenue 1st Street is classified as Residential Class IV Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Kamaraj Avenue 1st Street?

The Virugambakkam Sub Registrar Office covers Kamaraj Avenue 1st Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for property in Kamaraj Avenue 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.