Guideline Value for West Kamokodi nagar Jagathguru 1st cross street

West Kamokodi nagar Jagathguru 1st cross street guideline value

The current guideline value of West Kamokodi nagar Jagathguru 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, classified as Residential Class I Type - II.

How the guideline value of West Kamokodi nagar Jagathguru 1st cross street has changed

The guideline value for West Kamokodi nagar Jagathguru 1st cross street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision, reflecting a decrease of 33%. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the latest 2024 revision further raised it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 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, 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 value is Rs 3,850 per sq.ft, placing West Kamokodi nagar Jagathguru 1st cross street above this median.

• West Kamokodi nagar Arunagiri street 2nd Cross 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 Arunagiri street 1st Cross Street: Rs 4,400 per sq.ft (2024)
• West Kamokodi nagar Jagathguru 3rd 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 Sundarar 4th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in West Kamokodi nagar Jagathguru 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 is calculated at 7%, resulting in Rs 3,08,000, while the registration fee at 2% totals Rs 88,000. Together, these fees amount 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 Jagathguru 1st cross street?

The West Kamokodi nagar Jagathguru 1st cross street falls under the jurisdiction of 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 is a crucial factor during property transactions 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 should be aware that the guideline value may influence the overall costs involved in the transaction.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential for both parties to understand this value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of West Kamokodi nagar Jagathguru 1st cross street?

The current guideline value of West Kamokodi nagar Jagathguru 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 back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 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.

Which office handles the registration for this street?

The Virugambakkam Sub Registrar Office handles the registration for West Kamokodi nagar Jagathguru 1st cross street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for this street?

West Kamokodi nagar Jagathguru 1st cross street is classified as Residential Class I Type - II.