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Guideline Value

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Guideline Value for Devi Karumari Amman Nagar Extn 4th Street

₹3850/sq.ft.

The guideline value for Devi Karumari Amman Nagar Extn 4th 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 4th Street

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Devi Karumari Amman Nagar Extn 4th Street guideline value

The current guideline value of Devi Karumari Amman Nagar Extn 4th 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 4th Street has changed

The guideline value for Devi Karumari Amman Nagar Extn 4th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 3,500 per sq.ft. The 2012 revision also recorded a value of 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 2012 to 2024, the guideline value has increased by 10%. The consistent value of Rs 3,500 per sq.ft from 2012 to 2023 reflects stability during that period, while the recent increase in 2024 marks a notable adjustment in the guideline value.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Rs 3,850 per sq.ft for Devi Karumari Amman Nagar Extn 4th Street is below this median.

Stamp duty and registration fee for property in Devi Karumari Amman Nagar Extn 4th 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, bringing the total costs together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Devi Karumari Amman Nagar Extn 4th Street?

The Devi Karumari Amman Nagar Extn 4th 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the financial obligations associated with the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Devi Karumari Amman Nagar Extn 4th Street?

The current guideline value of Devi Karumari Amman Nagar Extn 4th 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 remained at Rs 3,500 per sq.ft from 2012 to 2023, with a recent increase to Rs 3,850 per sq.ft in 2024, marking a 10% rise from the previous year.

Which Sub Registrar Office covers this street?

The Velacheri Sub Registrar Office covers Devi Karumari Amman Nagar Extn 4th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the stamp duty for property in this area?

The stamp duty for property in Devi Karumari Amman Nagar Extn 4th Street is calculated at 7% of the guideline value or sale price, whichever is higher.

What are the guideline values of other streets in Velachery?

Other streets in Velachery have a guideline value of Rs 3,850 per sq.ft in 2024, similar to Devi Karumari Amman Nagar Extn 4th Street.