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Guideline Value

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Guideline Value for SRI KAMAKODI NAGAR - Jagathguru Street

₹4400/sq.ft.

The guideline value for Sri Kamakodi Nagar - Jagathguru 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 - Jagathguru Street

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SRI KAMAKODI NAGAR - Jagathguru Street guideline value

The current guideline value of SRI KAMAKODI NAGAR - Jagathguru Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class I Type - II.

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

The guideline value for SRI KAMAKODI NAGAR - Jagathguru Street has seen significant changes over the years. In 2002, the guideline value was Rs 472 per sq.ft. This figure increased to Rs 513 per sq.ft in 2003, marking a rise of 9%. By 2007, the value jumped dramatically to Rs 650 per sq.ft, reflecting a 27% increase. The 2012 revision maintained the guideline value at Rs 4,000 per sq.ft, showing no change from the previous revision. In 2023, the value was again Rs 4,000 per sq.ft, with no increase noted.

The most recent revision in 2024 brought the guideline value to Rs 4,400 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 832%. It is important to note that there is no figure available for the year 2017 in the register for this street.

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. The median guideline value in this area is Rs 3,850 per sq.ft, placing SRI KAMAKODI NAGAR - Jagathguru Street's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total 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. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers SRI KAMAKODI NAGAR - Jagathguru 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 when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with the local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of SRI KAMAKODI NAGAR - Jagathguru 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 changed significantly, from Rs 472 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 832% over this period.

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

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

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated based on guideline value?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 44,00,000, the stamp duty would be calculated accordingly.