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Guideline Value

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Guideline Value for SRI DEVI NAGAR MUTHUKUMARAN ST

₹935/sq.ft.

The guideline value for Sri Devi Nagar Muthukumaran 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 ₹350 /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)

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 Muthukumaran St

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Sri Devi Nagar Muthukumaran St guideline value

The current guideline value for Sri Devi Nagar Muthukumaran 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 Muthukumaran St has changed

The guideline value for Sri Devi Nagar Muthukumaran St has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased to Rs 850 per sq.ft in 2012, marking a significant rise of 143%. However, from 2012 to 2017, the value decreased to Rs 569 per sq.ft, a drop of 33%. The next revision in 2023 saw the value increase to Rs 850 per sq.ft, and then it rose again to Rs 935 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 167%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is the same as the current value for Sri Devi Nagar Muthukumaran St.

Stamp duty and registration fee for property in Sri Devi Nagar Muthukumaran 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, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Nagar Muthukumaran St?

The Sub Registrar Office that covers Sri Devi Nagar Muthukumaran 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 during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the established values rather than potentially inflated sale prices.

When buying or selling property, the guideline value is essential for both parties to understand the financial implications of the transaction. It helps ensure transparency and fairness in the registration process, as the fees are determined based on these values.

Frequently asked questions

What is the current guideline value for Sri Devi Nagar Muthukumaran St?

The current guideline value for Sri Devi Nagar Muthukumaran 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 350 per sq.ft in 2007 to Rs 935 per sq.ft in 2024, reflecting an overall increase of 167% over the years.

What is the land classification for Sri Devi Nagar Muthukumaran St?

Sri Devi Nagar Muthukumaran St is classified as Residential Class II Type - II.

Where is the Sub Registrar Office for this street located?

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?

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 Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000.