Guideline Value for West Kamokodi nagar Arunagiri street 1st Cross Street

West Kamokodi nagar Arunagiri street 1st Cross Street guideline value

The current guideline value for West Kamokodi nagar Arunagiri 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 Arunagiri street 1st Cross Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This decreased to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the current 2024 revision, the value has increased significantly to Rs 4,400 per sq.ft, reflecting a rise of 64%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

It is important to note that the guideline value register does not have figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are a total of 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 for these streets is Rs 3,850 per sq.ft, placing West Kamokodi nagar Arunagiri street 1st Cross Street above this median at Rs 4,400 per sq.ft.

• West Kamokodi nagar Annex 6th Street Thilagar street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Arunagiri street 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Annex 5th Manicavasagar Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Jagathguru 1st cross street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Anjaneyar Koil Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Jagathguru 2nd cross street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in West Kamokodi nagar Arunagiri street 1st 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.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers West Kamokodi nagar Arunagiri street 1st 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 details.

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

The guideline value is a crucial factor in property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is important for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Ensuring compliance with the guideline value helps in smooth registration and avoids any legal complications.

Frequently asked questions

What is the current guideline value for West Kamokodi nagar Arunagiri street 1st Cross Street?

The current guideline value for West Kamokodi nagar Arunagiri 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 changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,400 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification for this street?

West Kamokodi nagar Arunagiri street 1st Cross Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

What is the median guideline value in Valasaravakkam?

The median guideline value for streets in Valasaravakkam is Rs 3,850 per sq.ft, with West Kamokodi nagar Arunagiri street 1st Cross Street being above this median.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. This office handles registrations for properties in the area.