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Guideline Value

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Guideline Value for WEST KAMAKODI NAGAR MAIN ROAD

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar Main Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Main Road

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West Kamakodi Nagar Main Road guideline value

The current guideline value for West Kamakodi Nagar Main Road 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 Main Road has changed

The guideline value for West Kamakodi Nagar Main Road has seen several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in the 2017 revision. However, the latest 2024 revision shows a significant increase to Rs 4,400 per sq.ft, marking a 64% rise from the 2017 figure.

Between the 2012 and 2017 revisions, there was a decrease of 33%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures available for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value range 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, placing West Kamakodi Nagar Main Road above this median.

Stamp duty and registration fee for property in West Kamakodi Nagar Main Road

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 cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers West Kamakodi Nagar Main Road?

The West Kamakodi Nagar Main Road falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To locate your SRO, you can find your SRO.

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

When buying or selling property in Valasaravakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives appropriate revenue from property transactions.

Both buyers and sellers should be aware that the guideline value is used to assess the minimum value for registration purposes. This means that if the sale price is lower than the guideline value, the higher guideline value will be considered for calculating the applicable fees.

Frequently asked questions

What is the current guideline value for West Kamakodi Nagar Main Road?

The current guideline value for West Kamakodi Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations. It decreased from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, before rising again to Rs 4,400 per sq.ft in 2024.

What is the land classification for West Kamakodi Nagar Main Road?

The land classification for West Kamakodi Nagar Main Road is Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Virugambakkam Sub Registrar Office?

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

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

Stamp duty is 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 at 7% would amount to Rs 3,08,000.