Guideline Value

Corporate

Guideline Value for SRI DEVI NAGAR ROAD

₹935/sq.ft.

The guideline value for Sri Devi Nagar Road 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 ₹200 /sq.ft.
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 Road

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Sri Devi Nagar Road guideline value

The current guideline value of Sri Devi Nagar Road is Rs 935 per sq.ft, effective from 1 July 2024. This road 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 Road has changed

The guideline value for Sri Devi Nagar Road has undergone several revisions over the years. In 2003, the guideline value was Rs 200 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, there was a significant rise to Rs 850 per sq.ft in 2012, but it dropped to Rs 569 per sq.ft in 2017. The value then increased to Rs 850 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 935 per sq.ft. The changes between these revisions include a 75% increase from 2003 to 2007, 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.

The register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 368%.

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 value is Rs 935 per sq.ft, which is equal to the guideline value of Sri Devi Nagar Road.

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

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 together 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 further calculations.

Which Sub Registrar Office covers Sri Devi Nagar Road?

The Sub Registrar Office that covers Sri Devi Nagar Road 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 is a crucial factor in the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

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

The current guideline value of Sri Devi Nagar Road 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 significantly, from Rs 200 per sq.ft in 2003 to Rs 935 per sq.ft in 2024, reflecting an overall increase of 368% over this period.

What is the land classification for Sri Devi Nagar Road?

Sri Devi Nagar Road is classified as Residential Class II Type - II, which indicates the type of development permissible in this area.

What are the stamp duty and registration fees for a property on Sri Devi Nagar Road?

For a 1,000 sq.ft property, the total guideline value is 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.

Where is the Sub Registrar Office for Sri Devi Nagar Road 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.