Guideline Value

Corporate

Guideline Value for SRI DEVI NAGAR PERUMALSAMY ST

₹935/sq.ft.

The guideline value for Sri Devi Nagar Perumalsamy 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 Perumalsamy St

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Sri Devi Nagar Perumalsamy St guideline value

The current guideline value of Sri Devi Nagar Perumalsamy St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

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

Over the years, the guideline value of Sri Devi Nagar Perumalsamy St has seen several revisions. The 2007 revision set the value at Rs 350 per sq.ft, which increased significantly to Rs 850 per sq.ft in the 2012 revision. However, this value dropped to Rs 569 per sq.ft in the 2017 revision. Following this, the guideline value rose to Rs 850 per sq.ft in the 2023 revision, and most recently, it has been revised to Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 143% from 2007 to 2012, then decreased by 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 167%. It is important to note that the register has no figure for this street in the years 2002 and 2003.

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 guideline value of Sri Devi Nagar Perumalsamy St.

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

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

Which Sub Registrar Office covers Sri Devi Nagar Perumalsamy St?

The Sri Devi Nagar Perumalsamy St falls under the jurisdiction of the Avadi Sub Registrar Office. The office is 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 details.

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 as a benchmark to determine the minimum value of the property for registration purposes. This ensures that the property is registered at a value that reflects its worth according to the government’s assessment.

When buying or selling property, the guideline value is essential for calculating stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is legally compliant and properly recorded.

Frequently asked questions

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

The current guideline value of Sri Devi Nagar Perumalsamy 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles property registrations for Sri Devi Nagar Perumalsamy St?

The Avadi Sub Registrar Office handles property registrations for Sri Devi Nagar Perumalsamy St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, ensuring that the transaction is recorded at a legally compliant value. It is also essential for calculating applicable stamp duty and registration fees.