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Guideline Value

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Guideline Value for WEST KAMAKODI NAGAR - Gugan Street

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar - Gugan 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 ₹429 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹394 /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 West Kamakodi Nagar - Gugan Street

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WEST KAMAKODI NAGAR - Gugan Street guideline value

The current guideline value for WEST KAMAKODI NAGAR - Gugan 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 falls under the Residential Class I Type - II land classification.

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

The guideline value for WEST KAMAKODI NAGAR - Gugan Street has seen several revisions over the years. In 2002, the guideline value was Rs 394 per sq.ft, which increased to Rs 429 per sq.ft in 2003. The value then rose significantly to Rs 650 per sq.ft in 2007, marking an increase of 52%. Following this, the value surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of 515%. However, it decreased to Rs 2,680 per sq.ft in 2017, showing a decline of 33%. The value increased again to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1017%. There are no figures available for the revisions in the years not mentioned in the register for this street.

Guideline values in Valasaravakkam

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

Stamp duty and registration fee for property in WEST KAMAKODI NAGAR - Gugan 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 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. You can use the stamp duty and registration fee calculator for further calculations.

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

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

When a property is sold, the guideline value may influence the sale price, as it is often used to assess the value of the property for taxation purposes. Understanding the guideline value can help both parties in the transaction make informed decisions regarding the sale.

Frequently asked questions

What is the current guideline value for WEST KAMAKODI NAGAR - Gugan Street?

The current guideline value for WEST KAMAKODI NAGAR - Gugan 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 394 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1017% over this period.

What is the land classification for WEST KAMAKODI NAGAR - Gugan Street?

WEST KAMAKODI NAGAR - Gugan Street is classified as Residential Class I Type - II.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for WEST KAMAKODI NAGAR - Gugan Street?

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