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Guideline Value

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Guideline Value for WEST KAMAKODI NAGAR - Agasthiyar Street

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar - Agasthiyar 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 West Kamakodi Nagar - Agasthiyar Street

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WEST KAMAKODI NAGAR - Agasthiyar Street guideline value

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

How the guideline value of WEST KAMAKODI NAGAR - Agasthiyar Street has changed

In the 2007 revision, the guideline value was set at Rs 650 per sq.ft. This figure saw a significant increase in the 2012 revision, where it remained at Rs 4,000 per sq.ft. The next revision in 2023 also maintained the value at Rs 4,000 per sq.ft, indicating no change during that period. However, the most recent 2024 revision has increased the guideline value to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 577%. The revisions for the years 2017, 2003, and 2002 do not have any figures recorded for this street.

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 for these streets is Rs 3,850 per sq.ft, placing the 2024 figure for WEST KAMAKODI NAGAR - Agasthiyar Street above that median.

Stamp duty and registration fee for property in WEST KAMAKODI NAGAR - Agasthiyar 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, while 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers WEST KAMAKODI NAGAR - Agasthiyar Street?

The Sub Registrar Office that covers WEST KAMAKODI NAGAR - Agasthiyar 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 plays a crucial role in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of WEST KAMAKODI NAGAR - Agasthiyar Street?

The current guideline value of WEST KAMAKODI NAGAR - Agasthiyar 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 seen several revisions, with a significant increase from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 577%.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, resulting in a combined total of Rs 3,96,000.

Which office handles property registrations for WEST KAMAKODI NAGAR - Agasthiyar Street?

The Virugambakkam Sub Registrar Office handles property registrations for WEST KAMAKODI NAGAR - Agasthiyar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for this street?

The land classification for WEST KAMAKODI NAGAR - Agasthiyar Street is Residential Class I Type - II, indicating its suitability for residential purposes.