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Guideline Value

Corporate

Guideline Value for SRI DEVI KARUMARIAMMAN NAGAR

₹990/sq.ft.

The guideline value for Sri Devi Karumariamman Nagar 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

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Sri Devi Karumariamman Nagar guideline value

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

How the guideline value of Sri Devi Karumariamman Nagar has changed

The guideline value for Sri Devi Karumariamman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 990 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions indicate a significant rise in the guideline value, particularly from 2017 to 2023, which saw a 49% increase.

Guideline values in Nandambakkam

Nandambakkam has a total of 94 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Sri Devi Karumariamman Nagar's 2024 figure above that median.

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

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 at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total charges Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Karumariamman Nagar?

The Sub Registrar Office that covers Sri Devi Karumariamman Nagar is 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 information.

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

The guideline value is a crucial factor in property transactions in Nandambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction reflects the official valuation set by the authorities, thereby maintaining transparency in property dealings.

Frequently asked questions

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

The current guideline value of Sri Devi Karumariamman Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in 2024.

What is the land classification for Sri Devi Karumariamman Nagar?

The land classification for Sri Devi Karumariamman Nagar is Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Sri Devi Karumariamman Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.