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Guideline Value

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Guideline Value for SRI KAMAKODI NAGAR - Kumaragurubara Street

₹4400/sq.ft.

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

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SRI KAMAKODI NAGAR - Kumaragurubara Street guideline value

The current guideline value for SRI KAMAKODI NAGAR - Kumaragurubara 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 - Kumaragurubara Street has changed

The guideline value for SRI KAMAKODI NAGAR - Kumaragurubara Street has seen several revisions over the years. In 2002, the value was Rs 472 per sq.ft, which increased to Rs 513 per sq.ft in 2003, marking a change of +9%. By 2007, the value surged to Rs 650 per sq.ft, reflecting a significant increase of +27%. The next revision in 2012 maintained the value at Rs 4,000 per sq.ft, a rise of +515% from the previous figure. In 2023, the value remained at Rs 4,000 per sq.ft, and in the latest revision for 2024, it increased to Rs 4,400 per sq.ft, showing a change of +10%.

It is worth noting 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 value for these streets is Rs 3,850 per sq.ft, making the 2024 figure for SRI KAMAKODI NAGAR - Kumaragurubara Street above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. Please 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 - Kumaragurubara Street?

The SRI KAMAKODI NAGAR - Kumaragurubara Street falls under 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 when buying or selling property in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the local regulations. This helps in avoiding any discrepancies during the registration process and ensures that the transaction is legally sound.

Frequently asked questions

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

The current guideline value for SRI KAMAKODI NAGAR - Kumaragurubara 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 the years.

What is the land classification for this street?

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

Where can I find the registration office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.