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Guideline Value

Corporate

Guideline Value for Devar Street (Gnanamoorthy Nagar)

₹1700/sq.ft.

The guideline value for Devar Street (gnanamoorthy Nagar) in Menambedu village (Ambattur SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Menambedu

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[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 Devar Street (gnanamoorthy Nagar)

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Devar Street (Gnanamoorthy Nagar) guideline value

The current guideline value of Devar Street (Gnanamoorthy Nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Devar Street (Gnanamoorthy Nagar) has changed

The guideline value for Devar Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,600 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 set the value at Rs 1,700 per sq.ft, a 6% increase from the previous year.

There are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO with the 2024 guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, making the 2024 value of Devar Street (Gnanamoorthy Nagar) higher than the median.

Stamp duty and registration fee for property in Devar Street (Gnanamoorthy Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devar Street (Gnanamoorthy Nagar)?

The Sub Registrar Office that covers Devar Street (Gnanamoorthy Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to assess the minimum value of the property for registration purposes. This means that even if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value.

Frequently asked questions

What is the current guideline value of Devar Street (Gnanamoorthy Nagar)?

The current guideline value of Devar Street (Gnanamoorthy Nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the registration office for Devar Street (Gnanamoorthy Nagar)?

The registration office for Devar Street (Gnanamoorthy Nagar) is the Ambattur Sub Registrar Office located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Menambedu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be calculated accordingly.

What is the land classification for Devar Street (Gnanamoorthy Nagar)?

The land classification for Devar Street (Gnanamoorthy Nagar) is Residential Special Type - I, which indicates its designated use for residential purposes.