Guideline Value

Corporate

Guideline Value for Devikarumariamman Nagar 2nd Cross Street

₹1900/sq.ft.

The guideline value for Devikarumariamman Nagar 2nd Cross Street in Selavoyal village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Selavoyal

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Devikarumariamman Nagar 2nd Cross Street

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Devikarumariamman Nagar 2nd Cross Street guideline value

The current guideline value of Devikarumariamman Nagar 2nd Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Devikarumariamman Nagar 2nd Cross Street has changed

Over the years, the guideline value for Devikarumariamman Nagar 2nd Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft. This increased to Rs 1,206 per sq.ft in the 2017 revision, marking a decrease of 20%. However, from 2017 to 2023, the value rose significantly to Rs 1,800 per sq.ft, reflecting an increase of 49%. The most recent revision in 2024 has brought the guideline value to Rs 1,900 per sq.ft, which is a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 27%.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Devikarumariamman Nagar 2nd Cross Street is below this median.

Stamp duty and registration fee for property in Devikarumariamman Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Devikarumariamman Nagar 2nd Cross Street?

The Sub Registrar Office that covers Devikarumariamman Nagar 2nd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Selavoyal. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. This value is regularly revised to reflect changes in the real estate market and is crucial for legal documentation during property registration.

Frequently asked questions

What is the current guideline value of Devikarumariamman Nagar 2nd Cross Street?

The current guideline value of Devikarumariamman Nagar 2nd Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, with various revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the land classification for this street?

Devikarumariamman Nagar 2nd Cross Street is classified as Residential Class III Type - I.

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

The Madhavaram Sub Registrar Office covers Devikarumariamman Nagar 2nd Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,00,000, the stamp duty at 7% would be Rs 1,33,000.