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Guideline Value

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Guideline Value for SRI DEVI NAGAR GOVINDARAJILU ST

₹935/sq.ft.

The guideline value for Sri Devi Nagar Govindarajilu St in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 935 per sq.ft, effective 1 July 2024. It was Rs 850 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹935 /sq.ft.
From 1-4-2023 ₹850 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /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 Govindarajilu St

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Sri Devi Nagar Govindarajilu St guideline value

The current guideline value of Sri Devi Nagar Govindarajilu St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Sri Devi Nagar Govindarajilu St has changed

The guideline value for Sri Devi Nagar Govindarajilu St has undergone several revisions over the years. The 2012 revision recorded a value of Rs 850 per sq.ft, which was then reduced to Rs 569 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 850 per sq.ft in 2023, and further rose to Rs 935 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value saw a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which is equal to the current value of Sri Devi Nagar Govindarajilu St.

Stamp duty and registration fee for property in Sri Devi Nagar Govindarajilu St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, while the registration fee at 2% would be Rs 18,700. Together, the total cost for these fees would be Rs 84,150. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Devi Nagar Govindarajilu St?

The Sub Registrar Office that covers Sri Devi Nagar Govindarajilu St is the Avadi Sub Registrar Office, located at 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 Vilingiyambakkam

The guideline value plays a crucial role in the registration process of property transactions in Vilingiyambakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value as it affects the overall cost of the transaction. This ensures that both parties are aware of the financial implications involved in the sale or purchase of real estate in the area.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar Govindarajilu St?

The current guideline value of Sri Devi Nagar Govindarajilu St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification of Sri Devi Nagar Govindarajilu St?

Sri Devi Nagar Govindarajilu St is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Avadi Sub Registrar Office?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated for properties in this area?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 84,150.