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Guideline Value

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Guideline Value for WEST KAMAKODI NAGAR - Senathipathi 3rd Cross Street

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar - Senathipathi 3rd 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 3rd Cross Street

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WEST KAMAKODI NAGAR - Senathipathi 3rd Cross Street guideline value

The current guideline value of WEST KAMAKODI NAGAR - Senathipathi 3rd Cross 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 - Senathipathi 3rd Cross Street has changed

The guideline value for WEST KAMAKODI NAGAR - Senathipathi 3rd Cross Street has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 273 per sq.ft. It increased to Rs 297 per sq.ft in 2003, marking a 9% rise. The value continued to grow, reaching Rs 650 per sq.ft in 2007, which was an increase of 119%. In 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial 515% increase from the previous revision. However, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%.

In the subsequent revisions, the guideline value rose to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024, showing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1512%. The register has no figure for this street for the years not mentioned.

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 is Rs 3,850 per sq.ft, placing the 2024 figure for WEST KAMAKODI NAGAR - Senathipathi 3rd Cross Street above that median.

Stamp duty and registration fee for property in WEST KAMAKODI NAGAR - Senathipathi 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling 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 - Senathipathi 3rd Cross Street?

The Sub Registrar Office that covers WEST KAMAKODI NAGAR - Senathipathi 3rd 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 is a crucial factor when registering property in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees. Buyers and sellers must consider this value to comply with legal requirements during property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. This ensures that the registration process is transparent and equitable for all parties involved.

Frequently asked questions

What is the current guideline value of WEST KAMAKODI NAGAR - Senathipathi 3rd Cross Street?

The current guideline value of WEST KAMAKODI NAGAR - Senathipathi 3rd 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 increased from Rs 273 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1512% over the years.

What are the stamp duty and registration fees for 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 office handles the registration for this street?

The Virugambakkam Sub Registrar Office handles the registration for WEST KAMAKODI NAGAR - Senathipathi 3rd Cross 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 - Senathipathi 3rd Cross Street is Residential Class I Type - II, indicating its designation for residential use.