Guideline Value

Corporate

Guideline Value for Kanagathara nagar main road

₹3300/sq.ft.

The guideline value for Kanagathara Nagar Main Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /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 Kanagathara Nagar Main Road

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Kanagathara nagar main road guideline value

The current guideline value of Kanagathara nagar main road is Rs 3,300 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 II Type - II.

How the guideline value of Kanagathara nagar main road has changed

Looking at the revisions, the guideline value for Kanagathara nagar main road was Rs 3,000 per sq.ft in the 2012 revision and remained the same in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Therefore, the overall change from the 2012 revision to the 2024 revision is also a 10% increase.

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 the area is Rs 3,850 per sq.ft, indicating that the guideline value for Kanagathara nagar main road is below this median.

Stamp duty and registration fee for property in Kanagathara nagar main road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kanagathara nagar main road?

The Kanagathara nagar main road falls under the jurisdiction of 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 during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded at an official value set by the government. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kanagathara nagar main road?

The current guideline value of Kanagathara nagar main road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase overall. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the stamp duty rate for properties in Kanagathara nagar main road?

The stamp duty rate for properties in Kanagathara nagar main road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kanagathara nagar main road?

The Sub Registrar Office covering Kanagathara nagar main road is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values for other streets in Valasaravakkam?

Other streets in Valasaravakkam have varying guideline values, with some streets like Kanakadara Nagar 1st Cross Street and Kanakadara Nagar 1st Street also set at Rs 3,300 per sq.ft in 2024.