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Guideline Value

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Guideline Value for SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street)

₹4400/sq.ft.

The guideline value for Sri Devi Karumariamman Nagar - Krishnamachari Salai (street) in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Sri Devi Karumariamman Nagar - Krishnamachari Salai (street)

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SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street) guideline value

The current guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street) has changed

Over the years, the guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street) has seen significant changes. In 2007, the guideline value was Rs 650 per sq.ft. This figure rose dramatically to Rs 4,000 per sq.ft in 2012, marking an increase of 515%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The most recent revision in 2024 has brought the guideline value to Rs 4,400 per sq.ft, which is an increase of 64% from the 2017 figure. It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street.

When looking at the overall trend from 2007 to 2024, the guideline value has increased by 577%. This substantial rise reflects the changing dynamics of property valuation in the area.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street) above the median value.

Stamp duty and registration fee for property in SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street)?

The Sub Registrar Office that covers SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal documentation. Buyers need to be aware of the guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street)?

The current guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 577% over the years.

What is the land classification for this street?

The land classification for SRI DEVI KARUMARIAMMAN NAGAR - Krishnamachari Salai (Street) is Residential Class I Type - II.

Where is the Sub Registrar Office located for this area?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.