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Guideline Value

Corporate

Guideline Value for West Kamokodi nagar Jagathguru 3rd cross street

₹4400/sq.ft.

The guideline value for West Kamokodi Nagar Jagathguru 3rd Cross 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 ₹2680 /sq.ft.
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 Jagathguru 3rd Cross Street

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West Kamokodi nagar Jagathguru 3rd cross street guideline value

The current guideline value for West Kamokodi nagar Jagathguru 3rd 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 Jagathguru 3rd cross street has changed

The guideline value for West Kamokodi nagar Jagathguru 3rd cross street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the Rs 2,680 per sq.ft recorded in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

There are no recorded guideline values for this street in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of West Kamokodi nagar Jagathguru 3rd cross street is above this median.

Stamp duty and registration fee for property in West Kamokodi nagar Jagathguru 3rd cross street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers West Kamokodi nagar Jagathguru 3rd cross street?

The West Kamokodi nagar Jagathguru 3rd cross street falls under 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 when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties. This ensures that the registration process is aligned with the current market standards as determined by the government.

Frequently asked questions

What is the current guideline value for West Kamokodi nagar Jagathguru 3rd cross street?

The current guideline value for West Kamokodi nagar Jagathguru 3rd 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 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012, showing various changes over the years.

What is the land classification for this street?

West Kamokodi nagar Jagathguru 3rd cross street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions here?

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value is 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.

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

The Virugambakkam Sub Registrar Office, which covers West Kamokodi nagar Jagathguru 3rd cross street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.