Guideline Value for West Kamokodi nagar Arunagiri street 2nd Cross Street

West Kamokodi nagar Arunagiri street 2nd Cross Street guideline value

The current guideline value of West Kamokodi nagar Arunagiri street 2nd 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 2nd Cross Street has changed

The guideline value for West Kamokodi nagar Arunagiri street 2nd Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

Between 2012 and 2017, the value decreased by 33%, but from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 3,850 per sq.ft, placing West Kamokodi nagar Arunagiri street 2nd Cross Street above this median.

• West Kamokodi nagar Arunagiri street 1st Cross 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 Annex 6th Street Thilagar street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Jagathguru 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 3rd cross street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in West Kamokodi nagar Arunagiri street 2nd 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 would amount 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 the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers West Kamokodi nagar Arunagiri street 2nd Cross Street?

The Sub Registrar Office that covers West Kamokodi nagar Arunagiri street 2nd 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of West Kamokodi nagar Arunagiri street 2nd Cross Street?

The current guideline value of West Kamokodi nagar Arunagiri street 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for this street?

The land classification for West Kamokodi nagar Arunagiri street 2nd Cross Street is Residential Class I Type - II.

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

The Virugambakkam Sub Registrar Office covers West Kamokodi nagar Arunagiri street 2nd Cross Street, 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 higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 3,96,000 in stamp duty and registration fees.