Guideline Value

Corporate

Guideline Value for WEST KAMAKODI NAGAR

₹4400/sq.ft.

The guideline value for West Kamakodi Nagar 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 N/A
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 ₹514 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹473 /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

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West Kamakodi Nagar guideline value

The current guideline value of West Kamakodi Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class I Type - II.

How the guideline value of West Kamakodi Nagar has changed

The guideline value of West Kamakodi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 473 per sq.ft, which increased to Rs 514 per sq.ft in 2003, marking a 9% rise. The value then saw a 26% increase to Rs 650 per sq.ft in 2007. By 2012, the value remained at Rs 4,000 per sq.ft, showing no change from the previous revision. The next revision in 2023 also kept the value at Rs 4,000 per sq.ft.

However, in 2024, the guideline value saw a notable increase of 10%, reaching Rs 4,400 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 830%.

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 village is Rs 3,850 per sq.ft, placing West Kamakodi Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in West Kamakodi Nagar

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 the 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?

The Sub Registrar Office that covers West Kamakodi Nagar 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 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 government receives the appropriate stamp duty and registration fees based on this value.

When registering a property, the buyer must pay stamp duty and registration fees calculated on the guideline value or the sale price, whichever is higher. This ensures transparency in property transactions and helps maintain an accurate record of property values in the area.

Frequently asked questions

What is the current guideline value of West Kamakodi Nagar?

The current guideline value of West Kamakodi Nagar 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 changed significantly from Rs 473 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 830%.

What is the land classification of West Kamakodi Nagar?

West Kamakodi Nagar is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for West Kamakodi Nagar?

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

How is stamp duty calculated for property transactions in West Kamakodi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 3,08,000.