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Guideline Value

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Guideline Value for SRI KAMAKODI NAGAR - Arumugam Street

₹4400/sq.ft.

The guideline value for Sri Kamakodi Nagar - Arumugam 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 ₹513 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹472 /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 Sri Kamakodi Nagar - Arumugam Street

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SRI KAMAKODI NAGAR - Arumugam Street guideline value

The current guideline value for SRI KAMAKODI NAGAR - Arumugam 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 it is classified as Residential Class I Type - II.

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

The guideline value has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 472 per sq.ft. It saw an increase to Rs 513 per sq.ft in 2003, followed by a rise of 27% to Rs 650 per sq.ft in 2007. The 2012 revision maintained the value at Rs 4,000 per sq.ft, which did not change until the 2023 revision, where it remained at Rs 4,000 per sq.ft. The most recent revision in 2024 increased the value to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there is no figure available for the 2017 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 832%.

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 this area is Rs 3,850 per sq.ft, placing SRI KAMAKODI NAGAR - Arumugam Street's 2024 value above this median.

Stamp duty and registration fee for property in SRI KAMAKODI NAGAR - Arumugam 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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total cost of 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 further calculations.

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

The Sub Registrar Office covering SRI KAMAKODI NAGAR - Arumugam 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 details.

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. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the total expenditure involved in the transaction.

Frequently asked questions

What is the current guideline value for SRI KAMAKODI NAGAR - Arumugam Street?

The current guideline value for SRI KAMAKODI NAGAR - Arumugam 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 472 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 832% over this period.

What is the registration office for SRI KAMAKODI NAGAR - Arumugam Street?

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

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, a 1,000 sq.ft property at Rs 4,400 per sq.ft would incur a total of Rs 3,96,000 in fees.

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft, with SRI KAMAKODI NAGAR - Arumugam Street's 2024 value being above this median.