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Guideline Value

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Guideline Value for Devi Karumari Amman Nagar 1st Main Road

₹2750/sq.ft.

The guideline value for Devi Karumari Amman Nagar 1st Main Road in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹111 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹100 /sq.ft.
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 Devi Karumari Amman Nagar 1st Main Road

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Devi Karumari Amman Nagar 1st Main Road guideline value

The current guideline value for Devi Karumari Amman Nagar 1st Main Road is Rs 2,750 per sq.ft. This street is located in Nerkundram village, under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Devi Karumari Amman Nagar 1st Main Road has changed

The guideline value for Devi Karumari Amman Nagar 1st Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 100 per sq.ft. This increased to Rs 111 per sq.ft in 2003, marking an 11% rise. By 2007, the value had surged to Rs 350 per sq.ft, representing a 215% increase from the previous revision. The 2012 revision saw a decrease to Rs 2,500 per sq.ft, which was a 33% drop from 2017's value of Rs 1,675 per sq.ft. The value remained at Rs 2,500 per sq.ft until the 2023 revision, which set it at Rs 2,500 per sq.ft.

In 2024, the guideline value was revised to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 2,650%.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Devi Karumari Amman Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in Devi Karumari Amman Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Devi Karumari Amman Nagar 1st Main Road?

The Sub Registrar Office that covers Devi Karumari Amman Nagar 1st Main Road 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 Nerkundram

The guideline value plays a crucial role in the registration process of property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Devi Karumari Amman Nagar 1st Main Road?

The current guideline value for Devi Karumari Amman Nagar 1st Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 100 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is a total increase of 2,650% over the years.

What is the median guideline value in Nerkundram?

The median guideline value in Nerkundram is Rs 2,200 per sq.ft, with Devi Karumari Amman Nagar 1st Main Road being above this median at Rs 2,750 per sq.ft.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Devi Karumari Amman Nagar 1st Main Road?

The Virugambakkam Sub Registrar Office handles property registrations for Devi Karumari Amman Nagar 1st Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.