Guideline Value

Corporate

Guideline Value for Devikarumariamman Nagar Main Road

₹1900/sq.ft.

The guideline value for Devikarumariamman Nagar Main Road 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 Main Road

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Devikarumariamman Nagar Main Road guideline value

The current guideline value of Devikarumariamman Nagar Main Road 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 Main Road has changed

The guideline value for Devikarumariamman Nagar Main Road has undergone several revisions over the years. The earliest recorded figure is from 2012, when it was Rs 1,500 per sq.ft. This value decreased to Rs 1,206 per sq.ft in 2017. In 2023, the guideline value increased to Rs 1,800 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,900 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 20%. However, from 2017 to 2023, it saw a significant increase of 49%. The change from 2023 to 2024 is an increase of 6%. 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 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 Main Road is below this median.

Stamp duty and registration fee for property in Devikarumariamman Nagar Main Road

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 be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total cost for these fees Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devikarumariamman Nagar Main Road?

The Sub Registrar Office that covers Devikarumariamman Nagar Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selavoyal. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline values to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Devikarumariamman Nagar Main Road?

The current guideline value of Devikarumariamman Nagar Main Road 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 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Devikarumariamman Nagar Main Road?

Devikarumariamman Nagar Main Road is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.