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Guideline Value

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Guideline Value for SRI KAMAKODI NAGAR - Vedavan Street

₹4400/sq.ft.

The guideline value for Sri Kamakodi Nagar - Vedavan 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 ₹2680 /sq.ft.
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 - Vedavan Street

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SRI KAMAKODI NAGAR - Vedavan Street guideline value

The current guideline value of SRI KAMAKODI NAGAR - Vedavan Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value for SRI KAMAKODI NAGAR - Vedavan Street has seen several revisions over the years. Starting from Rs 472 per sq.ft in 2002, it increased to Rs 513 per sq.ft in 2003, marking a 9% rise. The value then rose by 27% to Rs 650 per sq.ft in 2007, followed by a significant increase of 515% to Rs 4,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The next revision in 2023 saw an increase of 49% to Rs 4,000 per sq.ft, and finally, the current rate of Rs 4,400 per sq.ft reflects a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 832%. There are no figures available for the years between these revisions for this street.

Guideline values in Valasaravakkam

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

Stamp duty and registration fee for property in SRI KAMAKODI NAGAR - Vedavan 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, bringing the total fees to 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 - Vedavan Street?

The SRI KAMAKODI NAGAR - Vedavan Street is covered by 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 during property registration in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, which means that it is essential to understand the current guideline values in the area.

Frequently asked questions

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

The current guideline value of SRI KAMAKODI NAGAR - Vedavan 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, marking an overall increase of 832% over the years.

What is the stamp duty rate for properties in SRI KAMAKODI NAGAR - Vedavan Street?

The stamp duty rate for properties in SRI KAMAKODI NAGAR - Vedavan Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for SRI KAMAKODI NAGAR - Vedavan Street located?

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

What is the median guideline value for streets in Valasaravakkam?

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