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Guideline Value

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Guideline Value for Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street

₹3850/sq.ft.

The guideline value for Devi Karumari Amman Nagar Golden Avenue Extn. 1st 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 ₹2345 /sq.ft.
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 Golden Avenue Extn. 1st Street

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Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street guideline value

The current guideline value for Devi Karumari Amman Nagar Golden Avenue Extn. 1st 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 Golden Avenue Extn. 1st Street has changed

The guideline value for Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street has seen several revisions over the years. The oldest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. The 2023 revision marked an increase to Rs 3,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 3,850 per sq.ft.

In terms of changes, the guideline value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, placing Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street's 2024 figure below that median.

Stamp duty and registration fee for property in Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street?

The Sub Registrar Office that covers Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations of both parties involved in the transaction. Accurate knowledge of this value can help in making informed decisions during the buying and selling process.

Frequently asked questions

What is the current guideline value for Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street?

The current guideline value for Devi Karumari Amman Nagar Golden Avenue Extn. 1st 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, marking a 10% increase. It was Rs 2,345 per sq.ft in 2017, showing a 49% increase from then to 2023.

What is the land classification for this street?

Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street is classified as Residential Class II Type - III.

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

The Velacheri Sub Registrar Office covers Devi Karumari Amman Nagar Golden Avenue Extn. 1st Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.