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Guideline Value

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Guideline Value for SRI DEVI NAGAR ANNEXE

₹660/sq.ft.

The guideline value for Sri Devi Nagar Annexe in Nemilancheri village (Avadi SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nemilancheri

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Nagar Annexe

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Sri Devi Nagar Annexe guideline value

The current guideline value of Sri Devi Nagar Annexe is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Nemilancheri village and falls under the Avadi SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Devi Nagar Annexe has changed

The guideline value of Sri Devi Nagar Annexe has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision, and then an increase to Rs 600 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The transition from 2023 to 2024 reflects a 10% rise. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Nemilancheri

In Nemilancheri, there are 15 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 660 to Rs 1,870 per sq.ft, with a median of Rs 990 per sq.ft. The guideline value for Sri Devi Nagar Annexe is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Nagar Annexe?

The Sub Registrar Office that covers Sri Devi Nagar Annexe is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nemilancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the guideline value is used to determine the amount of tax payable. Buyers should be aware that the stamp duty is calculated on either the guideline value or the sale price, depending on which is higher, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Sri Devi Nagar Annexe is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Sri Devi Nagar Annexe?

The land classification for Sri Devi Nagar Annexe is Residential Class I Type - I.

Where can I find the registration office for Sri Devi Nagar Annexe?

The registration office for Sri Devi Nagar Annexe is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Sri Devi Nagar Annexe?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.