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

₹4400/sq.ft.

The guideline value for Sri Devi Karumariamman Nagar - Ramasamy 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 - Ramasamy Salai (street)

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

The current guideline value of SRI DEVI KARUMARIAMMAN NAGAR - Ramasamy 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 falls under the Residential Class I Type - II land classification.

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

The guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Ramasamy Salai (Street) has seen significant changes over the years. In the 2007 revision, the value was Rs 650 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a change of 515%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the 2012 figure. Overall, from 2007 to 2024, the guideline value has risen by 577%.

It is important to note that the guideline value register does not contain figures for the years 2002, 2003, 2017, and 2023 for this street. This lack of data means that the changes in value during those years are not available for reference.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with 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 SRI DEVI KARUMARIAMMAN NAGAR - Ramasamy Salai (Street) above that median.

Stamp duty and registration fee for property in SRI DEVI KARUMARIAMMAN NAGAR - Ramasamy 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 amount to Rs 3,08,000, while 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 the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

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

The SRI DEVI KARUMARIAMMAN NAGAR - Ramasamy Salai (Street) falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for additional details.

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

The guideline value plays a crucial role in the registration process for property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, which can impact the total cost of the transaction.

Frequently asked questions

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

The current guideline value for SRI DEVI KARUMARIAMMAN NAGAR - Ramasamy Salai (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 increased significantly from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, a total increase of 577% over the years.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which office handles the registration for this street?

The Virugambakkam Sub Registrar Office handles the registration for SRI DEVI KARUMARIAMMAN NAGAR - Ramasamy Salai (Street), located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for this street?

SRI DEVI KARUMARIAMMAN NAGAR - Ramasamy Salai (Street) is classified as Residential Class I Type - II, indicating its suitability for residential purposes.