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Guideline Value

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Guideline Value for WEST KAMAKODI NAGAR - Senathipathi 1st Cross Street

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar - Senathipathi 1st Cross 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 ₹297 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹273 /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 - Senathipathi 1st Cross Street

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WEST KAMAKODI NAGAR - Senathipathi 1st Cross Street guideline value

The current guideline value for WEST KAMAKODI NAGAR - Senathipathi 1st Cross 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 is classified as Residential Class I Type - II.

How the guideline value of WEST KAMAKODI NAGAR - Senathipathi 1st Cross Street has changed

The guideline value for this street has undergone several revisions over the years. In 2002, the value was Rs 273 per sq.ft, which increased to Rs 297 per sq.ft in 2003, marking a rise of 9%. The value saw a significant jump to Rs 650 per sq.ft in 2007, representing a 119% increase. Following this, in 2012, the value decreased to Rs 4,000 per sq.ft, a decline of 33%. The next revision in 2017 saw another increase to Rs 2,680 per sq.ft, which was a 49% rise from the previous figure. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent revision in 2024 has raised it to Rs 4,400 per sq.ft, reflecting a 10% increase.

It is important to note that there are no figures available for this street in the revisions for the years not mentioned. Overall, from 2002 to 2024, the guideline value has increased by 1512%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values for 2024 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 - Senathipathi 1st Cross Street above this median.

Stamp duty and registration fee for property in WEST KAMAKODI NAGAR - Senathipathi 1st Cross 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, 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 more detailed calculations.

Which Sub Registrar Office covers WEST KAMAKODI NAGAR - Senathipathi 1st Cross Street?

The Sub Registrar Office that covers WEST KAMAKODI NAGAR - Senathipathi 1st Cross 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 the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in government records.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the sale price, thereby safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value for WEST KAMAKODI NAGAR - Senathipathi 1st Cross Street?

The current guideline value for WEST KAMAKODI NAGAR - Senathipathi 1st Cross 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, starting from Rs 273 per sq.ft in 2002 and reaching Rs 4,400 per sq.ft in 2024, which is an overall increase of 1512%.

What are the stamp duty and registration fees for a property 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 Sub Registrar Office is responsible for this street?

The Virugambakkam Sub Registrar Office is responsible for WEST KAMAKODI NAGAR - Senathipathi 1st Cross Street, 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 WEST KAMAKODI NAGAR - Senathipathi 1st Cross Street being above this median at Rs 4,400 per sq.ft.