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Guideline Value

Corporate

Guideline Value for Kannammal Nagar 1st Street

₹2750/sq.ft.

The guideline value for Kannammal Nagar 1st Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. 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 N/A
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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹439 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹404 /sq.ft.
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 Kannammal Nagar 1st Street

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Kannammal Nagar 1st Street guideline value

The current guideline value of Kannammal Nagar 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 Kannammal Nagar 1st Street has changed

The guideline value for Kannammal Nagar 1st Street has seen several revisions over the years. Starting from Rs 404 per sq.ft in 2002, it increased to Rs 439 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 500 per sq.ft, representing a 14% increase. The most significant jump occurred between 2007 and 2012, where it rose to Rs 2,500 per sq.ft, a staggering 400% increase. The latest revision in 2024 set the value at Rs 2,750 per sq.ft, reflecting a 10% increase from the 2012 figure.

It is important to note that there are no figures available for the years 2017 and 2023 for this street in the register. Overall, from 2002 to 2024, the guideline value has increased by 581%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that have 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 Kannammal Nagar 1st Street is below this median.

Stamp duty and registration fee for property in Kannammal Nagar 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 charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannammal Nagar 1st Street?

The Sub Registrar Office that covers Kannammal Nagar 1st 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 plays a crucial role in the registration process of property transactions in Valasaravakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in avoiding legal complications in the future.

Frequently asked questions

What is the current guideline value of Kannammal Nagar 1st Street?

The current guideline value of Kannammal Nagar 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 changed from Rs 404 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 581% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office handles registrations for Kannammal Nagar 1st Street?

The Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, handles registrations for Kannammal Nagar 1st Street.

Are there other streets in Valasaravakkam with the same guideline value?

Yes, there are several other streets in Valasaravakkam that share the same guideline value of Rs 2,750 per sq.ft for the year 2024, including Kannammal Garden, Kannammal Nagar 2nd Street, and others.