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Guideline Value

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Guideline Value for SRI KAMAKODI NAGAR - Appar Street

₹4400/sq.ft.

The guideline value for Sri Kamakodi Nagar - Appar Street 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 ₹650 /sq.ft.
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 Sri Kamakodi Nagar - Appar Street

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SRI KAMAKODI NAGAR - Appar Street guideline value

The current guideline value of SRI KAMAKODI NAGAR - Appar Street is Rs 4,400 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 I Type - II.

How the guideline value of SRI KAMAKODI NAGAR - Appar Street has changed

Over the years, the guideline value of SRI KAMAKODI NAGAR - Appar Street has seen significant changes. The 2007 revision set the value at Rs 650 per sq.ft, which rose dramatically to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 increased this to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

From 2007 to 2012, the guideline value saw an increase of 515%. The overall increase from 2007 to 2024 is 577%. It is notable that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, placing SRI KAMAKODI NAGAR - Appar Street above this median.

Stamp duty and registration fee for property in SRI KAMAKODI NAGAR - Appar Street

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, and the registration fee at 2% would amount to Rs 88,000, totaling 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers SRI KAMAKODI NAGAR - Appar Street?

The Sub Registrar Office that covers SRI KAMAKODI NAGAR - Appar 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 is a crucial 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, which are calculated based on this value.

When a property transaction occurs, the guideline value helps ensure that the fees are consistent and transparent. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of SRI KAMAKODI NAGAR - Appar Street?

The current guideline value of SRI KAMAKODI NAGAR - Appar Street 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 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 577% over the years.

What are the stamp duty and registration fees for property in SRI KAMAKODI NAGAR - Appar Street?

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.

Which Sub Registrar Office is responsible for SRI KAMAKODI NAGAR - Appar Street?

The Virugambakkam Sub Registrar Office is responsible for SRI KAMAKODI NAGAR - Appar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for SRI KAMAKODI NAGAR - Appar Street?

SRI KAMAKODI NAGAR - Appar Street is classified as Residential Class I Type - II.