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Guideline Value

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Guideline Value for DEVI KARUMARI NAGAR/ EXT

₹495/sq.ft.

The guideline value for Devi Karumari Nagar/ Ext in Vellivoyal village (Thiruvottiyur SRO, Chennai zone) is Rs 495 per sq.ft, effective 1 July 2024. It was Rs 450 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

Vellivoyal

Village

Thiruvottiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹495 /sq.ft.
From 1-4-2023 ₹450 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹301 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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/ Ext

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Devi Karumari Nagar/ Ext guideline value

The current guideline value of Devi Karumari Nagar/ Ext is Rs 495 per sq.ft, effective from 1 July 2024. This area is located in Vellivoyal village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Devi Karumari Nagar/ Ext has changed

The guideline value for Devi Karumari Nagar/ Ext has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 301 per sq.ft. This figure increased significantly by 50% to Rs 450 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 495 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2017 to 2024, there has been a substantial increase of 64% in the guideline value. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vellivoyal

In Vellivoyal, there are 23 streets under the Thiruvottiyur SRO that have a guideline value for 2024, ranging from Rs 275 to Rs 715 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, and Devi Karumari Nagar/ Ext's 2024 figure is above this median.

Stamp duty and registration fee for property in Devi Karumari Nagar/ Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 495 per sq.ft, the total guideline value amounts to Rs 4,95,000. The stamp duty is charged at 7%, which totals Rs 34,650, while the registration fee at 2% amounts to Rs 9,900. Together, the total fees would be Rs 44,550. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Devi Karumari Nagar/ Ext?

The Sub Registrar Office that covers Devi Karumari Nagar/ Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For further information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Vellivoyal. 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 will be used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Devi Karumari Nagar/ Ext?

The current guideline value of Devi Karumari Nagar/ Ext is Rs 495 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 301 per sq.ft in 2017 to Rs 450 per sq.ft in 2023, and then to Rs 495 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Devi Karumari Nagar/ Ext?

The land classification for Devi Karumari Nagar/ Ext is Residential Class I Type - II.

Which Sub Registrar Office covers Devi Karumari Nagar/ Ext?

The Thiruvottiyur Sub Registrar Office covers Devi Karumari Nagar/ Ext, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for property in Devi Karumari Nagar/ Ext?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,95,000, the stamp duty would be Rs 34,650.