Guideline Value for West Kamokodi nagar Agathiyar Street 1st Cross Street

West Kamokodi nagar Agathiyar Street 1st Cross Street guideline value

The current guideline value of West Kamokodi nagar Agathiyar Street 1st 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 is classified as Residential Class I Type - II.

How the guideline value of West Kamokodi nagar Agathiyar Street 1st Cross Street has changed

The guideline value for West Kamokodi nagar Agathiyar Street 1st Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then decreased to Rs 2,680 per sq.ft in the 2017 revision. However, from 2017 to the 2024 revision, the value increased significantly to Rs 4,400 per sq.ft, marking a change of +64% during that period. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street. The values recorded in the revisions indicate fluctuations, particularly between 2012 and 2017, where the value decreased by -33% before rising again in the latest revision.

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 guideline value is Rs 3,850 per sq.ft, positioning West Kamokodi nagar Agathiyar Street 1st Cross Street above this median.

• West Kamokodi nagar Agathiyar Street 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• West Kamakodi Nagar Vel Murugan Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Anjaneyar Koil Street: Rs 4,400 per sq.ft (2024)
• WEST KAMAKODI NAGAR - Velavan Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Annex 5th Manicavasagar Street: Rs 4,400 per sq.ft (2024)
• WEST KAMAKODI NAGAR - Senathipathi Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in West Kamokodi nagar Agathiyar Street 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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 higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers West Kamokodi nagar Agathiyar Street 1st Cross Street?

The West Kamokodi nagar Agathiyar Street 1st Cross Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during property registration in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is compared with the actual sale price. The higher of the two values is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of West Kamokodi nagar Agathiyar Street 1st Cross Street?

The current guideline value of West Kamokodi nagar Agathiyar Street 1st 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 seen changes from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then it increased to Rs 4,400 per sq.ft in 2024. Overall, this represents a +10% increase from 2012 to 2024.

What are the stamp duty and registration fees for properties 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. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers West Kamokodi nagar Agathiyar Street 1st Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of West Kamokodi nagar Agathiyar Street 1st Cross Street?

This street is classified as Residential Class I Type - II, which indicates its suitability for residential development under the guidelines set by the local authorities.