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Guideline Value

Corporate

Guideline Value for SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai

₹4400/sq.ft.

The guideline value for Sri Devi Karumariamman Nagar - Poolakshmi Salai 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 - Poolakshmi Salai

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SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai guideline value

The current guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai 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 - Poolakshmi Salai has changed

The guideline value has seen significant changes over the years. In 2007, the value was Rs 650 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a 515% rise. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, which is a 10% increase from the 2012 figure.

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

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a guideline value range from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 3,850 per sq.ft, placing SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai above this median.

Stamp duty and registration fee for property in SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai

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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 more information.

Which Sub Registrar Office covers SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai?

The SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai area falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, visit find your SRO.

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 the basis for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value or the sale price is considered, whichever is higher. This ensures that the appropriate fees are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai?

The current guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased 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 SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai?

The land classification for SRI DEVI KARUMARIAMMAN NAGAR - Poolakshmi Salai is Residential Class I Type - II.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 44,00,000, with a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Where is the Virugambakkam Sub Registrar Office located?

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