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Guideline Value

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Guideline Value for WEST KAMAKODI NAGAR - Saravanabhavan Street

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar - Saravanabhavan 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 ₹337 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹310 /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 - Saravanabhavan Street

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WEST KAMAKODI NAGAR - Saravanabhavan Street guideline value

The current guideline value for WEST KAMAKODI NAGAR - Saravanabhavan 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 WEST KAMAKODI NAGAR - Saravanabhavan Street has changed

The guideline value for WEST KAMAKODI NAGAR - Saravanabhavan Street has seen several revisions over the years. In the 2002 revision, the value was Rs 310 per sq.ft, which increased to Rs 337 per sq.ft in 2003. The next significant jump occurred in 2007, where the value rose to Rs 650 per sq.ft. By 2012, the value was Rs 4,000 per sq.ft, but it dropped to Rs 2,680 per sq.ft in 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, and the current 2024 revision marks an increase to Rs 4,400 per sq.ft.

Looking at the changes, from 2002 to 2024, the overall increase is +1319%. The most significant increase occurred between 2007 and 2012, with a rise of +515%. The 2023 to 2024 revision saw a change of +10%, while the jump from 2017 to 2023 was +49%. The register has no figure for the years not listed.

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. The median guideline value in the village is Rs 3,850 per sq.ft, making the 2024 figure for WEST KAMAKODI NAGAR - Saravanabhavan Street above this median.

Stamp duty and registration fee for property in WEST KAMAKODI NAGAR - Saravanabhavan 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers WEST KAMAKODI NAGAR - Saravanabhavan 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 further assistance.

How the guideline value is used when you buy or sell in Valasaravakkam

The guideline value is an essential factor when registering property in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that all transactions reflect a fair value for the property being sold or purchased.

When you buy or sell property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for WEST KAMAKODI NAGAR - Saravanabhavan 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 increased from Rs 310 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking a significant overall increase of +1319% over the years.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam that share the same guideline value of Rs 4,400 per sq.ft in 2024 include West Kamakodi Nagar - Nakkirer Street, WEST KAMAKODI NAGAR - Senathipathi 1st Cross Street, and others.

What is the registration office for WEST KAMAKODI NAGAR - Saravanabhavan Street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, 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.