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Guideline Value

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Guideline Value for DEVI KARUMARI NAGAR 4TH CROSS STREET

₹1100/sq.ft.

The guideline value for Devi Karumari Nagar 4th Cross Street in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Devi Karumari Nagar 4th Cross Street

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Devi Karumari Nagar 4th Cross Street guideline value

The current guideline value of Devi Karumari Nagar 4th Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Devi Karumari Nagar 4th Cross Street has changed

Over the years, the guideline value for Devi Karumari Nagar 4th Cross Street has seen significant changes. The 2007 revision set the value at Rs 300 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in 2012, marking a rise of 233%. However, the value then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. From 2017 to 2023, the value rose sharply by 49% to reach Rs 1,000 per sq.ft, and in the latest revision for 2024, it has increased by 10% to Rs 1,100 per sq.ft.

The guideline value register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which matches the 2024 figure for Devi Karumari Nagar 4th Cross Street.

Stamp duty and registration fee for property in Devi Karumari Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Karumari Nagar 4th Cross Street?

The Devi Karumari Nagar 4th Cross Street is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Koladi. 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 transaction must comply with the guideline value set for the area. This means that if the sale price is lower than the guideline value, the stamp duty and registration fees will be calculated based on the guideline value instead of the sale price.

Frequently asked questions

What is the current guideline value of Devi Karumari Nagar 4th Cross Street?

The current guideline value of Devi Karumari Nagar 4th Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% since 2007.

What is the land classification for Devi Karumari Nagar 4th Cross Street?

Devi Karumari Nagar 4th Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this street?

The Chennai South Joint II Sub Registrar Office covers Devi Karumari Nagar 4th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.