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Guideline Value

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Guideline Value for WEST KAMAKODI NAGAR - Senathipathi 4th Cross Street

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar - Senathipathi 4th 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 4th Cross Street

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WEST KAMAKODI NAGAR - Senathipathi 4th Cross Street guideline value

The current guideline value of WEST KAMAKODI NAGAR - Senathipathi 4th 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 falls under the Residential Class I Type - II land classification.

How the guideline value of WEST KAMAKODI NAGAR - Senathipathi 4th Cross Street has changed

Since the 2002 revision, the guideline value for WEST KAMAKODI NAGAR - Senathipathi 4th Cross Street has seen significant changes. In 2002, the guideline value was Rs 273 per sq.ft. This increased to Rs 297 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 650 per sq.ft, reflecting a 119% increase. The 2012 revision saw a decrease to Rs 4,000 per sq.ft, a drop of 515%. The guideline value then rose to Rs 2,680 per sq.ft in 2017, which was a 33% decrease from the previous figure. The 2023 revision brought the value to Rs 4,000 per sq.ft, followed by a 10% increase to the current value of Rs 4,400 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1512%. There are no figures available for the revisions in years not listed for this street.

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 in this area is Rs 3,850 per sq.ft, and the guideline value for WEST KAMAKODI NAGAR - Senathipathi 4th Cross Street is above this median.

Stamp duty and registration fee for property in WEST KAMAKODI NAGAR - Senathipathi 4th 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 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 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 details.

Which Sub Registrar Office covers WEST KAMAKODI NAGAR - Senathipathi 4th Cross Street?

The Sub Registrar Office that covers WEST KAMAKODI NAGAR - Senathipathi 4th 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 in the registration process of property transactions in Valasaravakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a standard value set by the government.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications and obligations during the registration process.

Frequently asked questions

What is the current guideline value of WEST KAMAKODI NAGAR - Senathipathi 4th Cross Street?

The current guideline value of WEST KAMAKODI NAGAR - Senathipathi 4th 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 significantly 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 of WEST KAMAKODI NAGAR - Senathipathi 4th Cross Street?

This street falls under the Residential Class I Type - II land classification, indicating its suitability for residential purposes.

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

The Virugambakkam Sub Registrar Office covers this area and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.