Guideline Value

Corporate

Guideline Value for DURGADEVI NAGAR

₹880/sq.ft.

The guideline value for Durgadevi Nagar in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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 Durgadevi Nagar

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Durgadevi Nagar guideline value

The current guideline value of Durgadevi Nagar, located in Koladi village under the Chennai South Joint II SRO, is Rs 880 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Durgadevi Nagar has changed

The guideline value for Durgadevi Nagar has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 220%. However, it dropped to Rs 536 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 800 per sq.ft in 2023, and most recently, it has risen to Rs 880 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 252%. It is important to note that the register has no figures for Durgadevi Nagar for the years 2002 and 2003.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. Durgadevi Nagar's 2024 guideline value of Rs 880 per sq.ft is below this median.

Stamp duty and registration fee for property in Durgadevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty, charged at 7%, would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, these fees would total Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Durgadevi Nagar?

Durgadevi Nagar falls under 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Koladi. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions comply with local regulations.

During the registration process, the buyer and seller must provide the guideline value to the Sub Registrar Office. This value is essential for calculating the taxes owed, and it helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Durgadevi Nagar?

The current guideline value of Durgadevi Nagar is Rs 880 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 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 252% over the years.

What is the land classification for Durgadevi Nagar?

Durgadevi Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Durgadevi Nagar?

The Sub Registrar Office covering Durgadevi Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated in Durgadevi Nagar?

Stamp duty in Durgadevi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.