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Guideline Value

Corporate

Guideline Value for Devi Karumariamman Nagar BharathiyarStreet

₹3850/sq.ft.

The guideline value for Devi Karumariamman Nagar Bharathiyarstreet 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 ₹1800 /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.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 Karumariamman Nagar Bharathiyarstreet

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Devi Karumariamman Nagar BharathiyarStreet guideline value

The current guideline value of Devi Karumariamman Nagar BharathiyarStreet 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 Karumariamman Nagar BharathiyarStreet has changed

The guideline value for Devi Karumariamman Nagar BharathiyarStreet has undergone several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft. This increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 94%. However, by 2017, the value decreased to Rs 2,345 per sq.ft, which represented a decline of 33%. The guideline value then rose substantially to Rs 3,500 per sq.ft in 2023, and from there, it increased by 10% to the current value of Rs 3,850 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 114%. It is important to note that the register has no figures for the years 2002 and 2003 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, with a median value of Rs 4,400 per sq.ft. Devi Karumariamman Nagar BharathiyarStreet's 2024 figure is below this median.

Stamp duty and registration fee for property in Devi Karumariamman Nagar BharathiyarStreet

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, charged at 7%, would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be 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 further assistance.

Which Sub Registrar Office covers Devi Karumariamman Nagar BharathiyarStreet?

The Sub Registrar Office that covers Devi Karumariamman Nagar BharathiyarStreet is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

When buying or selling property in Velachery, the guideline value is a critical factor in determining the registration fees and stamp duty. These charges are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Devi Karumariamman Nagar BharathiyarStreet?

The current guideline value of Devi Karumariamman Nagar BharathiyarStreet 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 1,800 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 114% over this period.

What are the stamp duty and registration fees for property 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.

Which Sub Registrar Office is responsible for this street?

The Velacheri Sub Registrar Office is responsible for Devi Karumariamman Nagar BharathiyarStreet, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification of this street?

Devi Karumariamman Nagar BharathiyarStreet is classified as Residential Class II Type - III.