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Guideline Value

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Guideline Value for WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar - Senathipathi 2nd 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 2nd Cross Street

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WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street guideline value

The current guideline value for WEST KAMAKODI NAGAR - Senathipathi 2nd 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, classified as Residential Class I Type - II.

How the guideline value of WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street has changed

The guideline value has undergone several revisions since 2002. In 2002, the value was Rs 273 per sq.ft, which increased to Rs 297 per sq.ft in 2003, marking a 9% rise. The value continued to rise to Rs 650 per sq.ft in 2007, a significant increase of 119%. By 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial increase of 515% from 2007. However, it saw a decrease of 33% to Rs 2,680 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 4,000 per sq.ft, and then increased by 10% to Rs 4,400 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1512% 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 value for these streets is Rs 3,850 per sq.ft, placing the 2024 figure for WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street above this median.

Stamp duty and registration fee for property in WEST KAMAKODI NAGAR - Senathipathi 2nd 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, totaling Rs 3,96,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street?

The WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street falls under the Virugambakkam Sub Registrar Office located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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 the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value for WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street?

The current guideline value for WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 273 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1512%.

What is the land classification for this street?

WEST KAMAKODI NAGAR - Senathipathi 2nd Cross Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Virugambakkam Sub Registrar Office, which covers this area, is 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 higher value between the guideline value and the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 3,96,000.