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Guideline Value

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Guideline Value for SRI DEVI KARUMARIAMMAN NAGAR WEST

₹990/sq.ft.

The guideline value for Sri Devi Karumariamman Nagar West in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 West

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Sri Devi Karumariamman Nagar West guideline value

The current guideline value of Sri Devi Karumariamman Nagar West is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai Sub Registrar Office (SRO). The land classification for this locality is Residential Special Type - I.

How the guideline value of Sri Devi Karumariamman Nagar West has changed

The guideline value for Sri Devi Karumariamman Nagar West has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, and 2012. In 2017, the guideline value was set at Rs 603 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 raised the value to Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has seen an increase of 64%. The current value of Rs 990 per sq.ft is indicative of the ongoing changes in the area’s real estate landscape.

Guideline values in Nandambakkam

Nandambakkam village has a total of 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median value across these streets is Rs 880 per sq.ft, positioning Sri Devi Karumariamman Nagar West above this median.

Stamp duty and registration fee for property in Sri Devi Karumariamman Nagar West

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty, calculated at 7%, would be Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, these fees amount to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Devi Karumariamman Nagar West?

The Sri Devi Karumariamman Nagar West area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Devi Karumariamman Nagar West?

The current guideline value of Sri Devi Karumariamman Nagar West is Rs 990 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 603 per sq.ft in 2017 to Rs 990 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations in Sri Devi Karumariamman Nagar West?

The Padappai Sub Registrar Office handles property registrations in Sri Devi Karumariamman Nagar West, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Sri Devi Karumariamman Nagar West?

The land classification for Sri Devi Karumariamman Nagar West is Residential Special Type - I, indicating its suitability for residential development.