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Guideline Value

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Guideline Value for Devi Karumariamman Nagar Extn. Yamuna Street

₹3850/sq.ft.

The guideline value for Devi Karumariamman Nagar Extn. Yamuna 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 Karumariamman Nagar Extn. Yamuna Street

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Devi Karumariamman Nagar Extn. Yamuna Street guideline value

The current guideline value for Devi Karumariamman Nagar Extn. Yamuna Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Devi Karumariamman Nagar Extn. Yamuna Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure remained the same in the 2012 revision and then decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value saw a significant increase to Rs 3,500 per sq.ft in the 2023 revision, which was a rise of 49%. The latest revision in 2024 set the guideline value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with guideline values for 2024 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 Karumariamman Nagar Extn. Yamuna Street's 2024 figure below that median.

Stamp duty and registration fee for property in Devi Karumariamman Nagar Extn. Yamuna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the 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, resulting in 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Devi Karumariamman Nagar Extn. Yamuna Street?

The Devi Karumariamman Nagar Extn. Yamuna Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

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

When buying or selling property in Velachery, the guideline value plays a crucial role during the registration process. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately.

Buyers and sellers must be aware that the guideline value is used to determine the minimum value for taxation purposes. Therefore, it is essential to consider this value when negotiating sale prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Devi Karumariamman Nagar Extn. Yamuna Street?

The current guideline value for Devi Karumariamman Nagar Extn. Yamuna 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 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

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

Several other streets in Velachery have the same guideline value of Rs 3,850 per sq.ft for 2024, including Devi Karumariamman Nagar Extn Vaigai Street and Devi Karumariamman Nagar Extn Main Road (Golden Avenue).

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office 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 property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at a rate of 7%.