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Guideline Value

Corporate

Guideline Value for SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan Street

₹4400/sq.ft.

The guideline value for Sri Devi Karumariamman Nagar - Rajagopalan 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 - Rajagopalan Street

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SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan Street guideline value

The current guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan 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 - Rajagopalan Street has changed

The guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan Street has seen significant changes over the years. In the 2007 revision, the value was Rs 650 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 515%. The most recent revision in 2024 shows a further increase to Rs 4,400 per sq.ft, which is a 10% increase from the 2012 figure. Notably, there are no figures available for the years 2002, 2003, 2017, and 2023 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 577%. This substantial increase reflects the changing landscape of property values 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 value for these streets is Rs 3,850 per sq.ft, placing the 2024 guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan Street above this median.

Stamp duty and registration fee for property in SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan 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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. Please 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 - Rajagopalan Street?

The SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an important 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. This ensures that the government receives appropriate stamp duty and registration fees based on the guideline value.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable fees. This means that if the sale price is lower than the guideline value, the fees will still be based on the guideline value, ensuring that the government collects the necessary revenue from property transactions.

Frequently asked questions

What is the current guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan Street?

The current guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan Street 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 changed significantly from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 577% over this period.

What is the land classification for this street?

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

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers SRI DEVI KARUMARIAMMAN NAGAR - Rajagopalan Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

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