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Guideline Value

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Guideline Value for Devi Karumari Amman Nagar Extn 3rd Street

₹3850/sq.ft.

The guideline value for Devi Karumari Amman Nagar Extn 3rd 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 3rd Street

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Devi Karumari Amman Nagar Extn 3rd Street guideline value

The current guideline value of Devi Karumari Amman Nagar Extn 3rd 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 3rd Street has changed

The guideline value for Devi Karumari Amman Nagar Extn 3rd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 3,500 per sq.ft. Prior to that, the 2012 revision also listed the value at Rs 3,500 per sq.ft. 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 2023 to 2024 change marks the only increase during this period, while the value remained unchanged from 2012 to 2023.

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 value for these streets is Rs 4,400 per sq.ft, positioning Devi Karumari Amman Nagar Extn 3rd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Devi Karumari Amman Nagar Extn 3rd 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, calculated at 7%, would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total charges to 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.

For more details, you can use the stamp duty and registration fee calculator.

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

The Devi Karumari Amman Nagar Extn 3rd Street falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. When buying or selling property, the transaction must be registered at the guideline value or the sale price, whichever is higher, ensuring that the state receives the appropriate stamp duty and registration fees.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall costs involved in the transaction. Buyers should be aware of the guideline value to avoid any discrepancies during registration, while sellers must ensure that their sale price aligns with the guideline value to facilitate a smooth transaction.

Frequently asked questions

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

The current guideline value of Devi Karumari Amman Nagar Extn 3rd 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 changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. The value remained at Rs 3,500 per sq.ft from 2012 to 2023, with no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification of Devi Karumari Amman Nagar Extn 3rd Street?

Devi Karumari Amman Nagar Extn 3rd Street is classified as Residential Class II Type - III.

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

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for this street?

The Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, handles registrations for Devi Karumari Amman Nagar Extn 3rd Street.