Guideline Value

Corporate

Guideline Value for Devikarumariamman Nagar 3rd Cross Street

₹1900/sq.ft.

The guideline value for Devikarumariamman Nagar 3rd 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 3rd Cross Street

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Devikarumariamman Nagar 3rd Cross Street guideline value

The current guideline value of Devikarumariamman Nagar 3rd 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 3rd Cross Street has changed

The guideline value for Devikarumariamman Nagar 3rd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,500 per sq.ft. This increased to Rs 1,206 per sq.ft in 2017, marking a decrease of 20%. However, from 2017 to 2023, the value rose significantly by 49% to Rs 1,800 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,900 per sq.ft, reflecting a 6% rise from the previous year.

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

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO that carry 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 for Devikarumariamman Nagar 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Devikarumariamman Nagar 3rd 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. The total cost for stamp duty and registration fee together would be Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Devikarumariamman Nagar 3rd Cross Street?

The Sub Registrar Office that covers Devikarumariamman Nagar 3rd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Selavoyal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value helps in calculating the applicable taxes, ensuring that both buyers and sellers are aware of their financial obligations. It is essential to refer to the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devikarumariamman Nagar 3rd Cross Street?

The current guideline value of Devikarumariamman Nagar 3rd 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, reflecting an overall increase of 27% over this period.

What is the stamp duty for properties in Devikarumariamman Nagar 3rd Cross Street?

The stamp duty for properties in Devikarumariamman Nagar 3rd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for this area?

The Madhavaram Sub Registrar Office handles property registrations for Devikarumariamman Nagar 3rd Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the guideline values of other streets in Selavoyal?

Other streets in Selavoyal, such as Devikarumariamman Nagar 1st Cross Street and Main Road, also have a guideline value of Rs 1,900 per sq.ft in 2024, while Dharmalingam Nagar Main Road has a higher value of Rs 2,200 per sq.ft.