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Guideline Value

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Guideline Value for SRI DEVI NAGAR RADHAKRISHNAN ST

₹935/sq.ft.

The guideline value for Sri Devi Nagar Radhakrishnan 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 Radhakrishnan St

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Sri Devi Nagar Radhakrishnan St guideline value

The current guideline value of Sri Devi Nagar Radhakrishnan 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 Radhakrishnan St has changed

The guideline value has undergone several revisions over the years. The earliest recorded value was Rs 350 per sq.ft in 2007, which increased significantly to Rs 850 per sq.ft in 2012. However, it then decreased to Rs 569 per sq.ft in 2017. The value saw a substantial increase to Rs 850 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 935 per sq.ft. The changes between these revisions include a 143% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 167%.

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 Radhakrishnan St.

Stamp duty and registration fee for property in Sri Devi Nagar Radhakrishnan 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, bringing the total to Rs 84,150. It is important to note that the 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 Radhakrishnan St?

The Sub Registrar Office that covers Sri Devi Nagar Radhakrishnan St 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 Vilingiyambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps to establish the minimum value for which the property can be registered. This ensures that the government receives the appropriate revenue from stamp duty and registration fees based on the property's value.

Frequently asked questions

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

The current guideline value of Sri Devi Nagar Radhakrishnan 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, with several revisions in between, including a decrease in 2017 and increases in subsequent years.

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

The land classification for Sri Devi Nagar Radhakrishnan St is Residential Class II Type - II.

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 registrations for Sri Devi Nagar Radhakrishnan St?

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