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Guideline Value

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Guideline Value for West Kamokodi nagar Velavan 2nd Street

₹4400/sq.ft.

The guideline value for West Kamokodi Nagar Velavan 2nd Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 Velavan 2nd Street

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West Kamokodi nagar Velavan 2nd Street guideline value

The current guideline value of West Kamokodi nagar Velavan 2nd 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 Velavan 2nd Street has changed

The guideline value for West Kamokodi nagar Velavan 2nd Street has seen several revisions over the years. In 2012, the guideline value was Rs 4,000 per sq.ft. This figure decreased to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded significantly in the 2024 revision, rising to Rs 4,400 per sq.ft, which represents an increase of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value range from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, placing West Kamokodi nagar Velavan 2nd Street above this median.

Stamp duty and registration fee for property in West Kamokodi nagar Velavan 2nd 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 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 Velavan 2nd Street?

The Sub Registrar Office that covers West Kamokodi nagar Velavan 2nd 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 is an essential metric used during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for West Kamokodi nagar Velavan 2nd Street?

The current guideline value for West Kamokodi nagar Velavan 2nd 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, and then to Rs 4,400 per sq.ft in 2024. This reflects a significant increase of 64% from 2017 to 2024.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam with the same guideline value of Rs 4,400 per sq.ft include West Kamokodi nagar Velavan 1st Street, West Kamokodi nagar Velavan 3rd Street, West Kamokodi nagar Sundarar 4th Street, West Kamokodi nagar Viyasar Street, West Kamokodi nagar Jagathguru 3rd cross street, and West Kamokodi nagar Jagathguru 2nd cross street.

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

The Sub Registrar Office covering West Kamokodi nagar Velavan 2nd Street is the Virugambakkam Sub Registrar Office, 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 for properties in West Kamokodi nagar Velavan 2nd Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at the current rate of 7%.