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Guideline Value

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

₹4400/sq.ft.

The guideline value for Sri Devi Karumariamman Nagar - Nagi Reddy 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 N/A
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 - Nagi Reddy Salai (street)

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SRI DEVI KARUMARIAMMAN NAGAR - Nagi Reddy Salai (Street) guideline value

The current guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Nagi Reddy 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 and is classified as Residential Class I Type - II.

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

In the 2007 revision, the guideline value was Rs 650 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 4,000 per sq.ft, which represents a remarkable increase of 515%. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, marking a 10% increase from the 2012 figure.

Overall, from 2007 to 2024, the guideline value has increased by 577%. It is important to note that there are no figures available for the years 2002, 2003, 2017, and 2023 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, making the current value of SRI DEVI KARUMARIAMMAN NAGAR - Nagi Reddy Salai (Street) above that median.

Stamp duty and registration fee for property in SRI DEVI KARUMARIAMMAN NAGAR - Nagi Reddy 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 would be 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 fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers SRI DEVI KARUMARIAMMAN NAGAR - Nagi Reddy 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 more information.

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

The guideline value is an essential reference point during property transactions in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are crucial for the legal transfer of property ownership. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Nagi Reddy Salai (Street)?

The current guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Nagi Reddy 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 seen significant changes, increasing from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. This reflects an overall increase of 577% over the years.

What is the land classification of this street?

SRI DEVI KARUMARIAMMAN NAGAR - Nagi Reddy Salai (Street) is classified as Residential Class I Type - II.

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

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

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees can amount to Rs 3,96,000.