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Guideline Value

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Guideline Value for Devi Karumari Amman Nagar 3rd Street

₹2750/sq.ft.

The guideline value for Devi Karumari Amman Nagar 3rd Street 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 3rd Street

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Devi Karumari Amman Nagar 3rd Street guideline value

The current guideline value of Devi Karumari Amman Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Devi Karumari Amman Nagar 3rd Street has changed

Since the 2007 revision, the guideline value has seen significant changes. The 2007 figure was Rs 350 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 614%. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the value at Rs 2,750 per sq.ft, a 10% increase from the previous year.

The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Nerkundram

Nerkundram village 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 as of 2024. The median guideline value in the village is Rs 2,200 per sq.ft, placing Devi Karumari Amman Nagar 3rd Street above this median.

Stamp duty and registration fee for property in Devi Karumari Amman Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Karumari Amman Nagar 3rd Street?

The Sub Registrar Office covering Devi Karumari Amman Nagar 3rd Street 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 is a crucial factor when registering properties in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling a property, it is essential to consider the guideline value, as it can influence the overall transaction costs. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can impact the total expenses involved in the property transaction.

Frequently asked questions

What is the current guideline value of Devi Karumari Amman Nagar 3rd Street?

The current guideline value of Devi Karumari Amman Nagar 3rd Street 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 changed significantly from Rs 350 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 686% 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 3rd Street's value being above this median.

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 3rd Street?

The Virugambakkam Sub Registrar Office handles property registrations for Devi Karumari Amman Nagar 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.