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Guideline Value

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Guideline Value for Devi Karumari Amman Nagar Extn 2nd Street

₹3850/sq.ft.

The guideline value for Devi Karumari Amman Nagar Extn 2nd Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Extn 2nd Street

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Devi Karumari Amman Nagar Extn 2nd Street guideline value

The current guideline value of Devi Karumari Amman Nagar Extn 2nd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Devi Karumari Amman Nagar Extn 2nd Street has changed

Over the years, the guideline value for Devi Karumari Amman Nagar Extn 2nd Street has seen several revisions. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,500 per sq.ft. Prior to that, the 2012 revision also recorded Rs 3,500 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The current value of Rs 3,850 per sq.ft is reflective of the adjustments made in the recent revisions.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Devi Karumari Amman Nagar Extn 2nd Street's current value below this median.

Stamp duty and registration fee for property in Devi Karumari Amman Nagar Extn 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. 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 Extn 2nd Street?

The Devi Karumari Amman Nagar Extn 2nd Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can find your SRO here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with legal requirements.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and transparently in the official records.

Frequently asked questions

What is the current guideline value of Devi Karumari Amman Nagar Extn 2nd Street?

The current guideline value of Devi Karumari Amman Nagar Extn 2nd Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2012 to 2023, as it remained at Rs 3,500 per sq.ft during that period.

What is the land classification for this street?

Devi Karumari Amman Nagar Extn 2nd Street is classified as Residential Class II Type - III, indicating its designation for residential purposes within the local zoning regulations.

What are the other streets in Velachery with the same guideline value?

Several other streets in Velachery also have the same guideline value of Rs 3,850 per sq.ft for 2024. These include Devi Karumariamman Nagar Extn. 1st Street, Devi Karumari Amman Nagar Extn 3rd Street, and others.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office covers Devi Karumari Amman Nagar Extn 2nd Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your specific SRO online.