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Guideline Value

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Guideline Value for West Kamokodi nagar Annex 5th Manicavasagar Street

₹4400/sq.ft.

The guideline value for West Kamokodi Nagar Annex 5th Manicavasagar 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 N/A
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 Kamokodi Nagar Annex 5th Manicavasagar Street

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West Kamokodi nagar Annex 5th Manicavasagar Street guideline value

The current guideline value of West Kamokodi nagar Annex 5th Manicavasagar 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 Kamokodi nagar Annex 5th Manicavasagar Street has changed

The guideline value for West Kamokodi nagar Annex 5th Manicavasagar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, the guideline values vary significantly across different streets, with a range from Rs 2,750 to Rs 8,800 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 3,850 per sq.ft, indicating that West Kamokodi nagar Annex 5th Manicavasagar Street's 2024 figure is above this median.

Stamp duty and registration fee for property in West Kamokodi nagar Annex 5th Manicavasagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, leading to a total of 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 precise calculations based on your property details.

Which Sub Registrar Office covers West Kamokodi nagar Annex 5th Manicavasagar Street?

The Sub Registrar Office that covers West Kamokodi nagar Annex 5th Manicavasagar 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 plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a reference point for determining the stamp duty and registration fees, ensuring that these charges are aligned with the official valuations set by the government.

When you buy or sell property, the guideline value is used to calculate the applicable fees, which are mandatory for the registration process. This ensures transparency and compliance with legal requirements in property transactions.

Frequently asked questions

What is the current guideline value for West Kamokodi nagar Annex 5th Manicavasagar Street?

The current guideline value for West Kamokodi nagar Annex 5th Manicavasagar 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 remained at Rs 4,000 per sq.ft from 2012 to 2023, and then increased to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification for this street?

The land classification for West Kamokodi nagar Annex 5th Manicavasagar Street is Residential Class I Type - II.

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

The Sub Registrar Office for West Kamokodi nagar Annex 5th Manicavasagar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty for properties in West Kamokodi nagar Annex 5th Manicavasagar Street is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.