Guideline Value

Corporate

Guideline Value for SRI DEVI NAGAR

₹935/sq.ft.

The guideline value for Sri Devi Nagar 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 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹176 /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

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Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar, located in Vilingiyambakkam village, is Rs 935 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Sri Devi Nagar has changed

The guideline value for Sri Devi Nagar has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 176 per sq.ft. This increased significantly to Rs 650 per sq.ft in 2007, followed by a rise to Rs 850 per sq.ft in 2012. However, it dropped to Rs 569 per sq.ft in 2017. The value then increased to Rs 850 per sq.ft in 2023, before reaching the current figure of Rs 935 per sq.ft in 2024.

In terms of percentage changes, the guideline value rose by 269% from 2003 to 2007, then decreased by 33% from 2012 to 2017. Following that, there was a notable increase of 49% from 2017 to 2023, and a further rise of 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 431%. The register has no figure for the year 2002 for this street.

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

Stamp duty and registration fee for property in Sri Devi Nagar

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, leading to a total of Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Devi Nagar?

The Sub Registrar Office that covers Sri Devi Nagar 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 an essential factor in the property registration process in Vilingiyambakkam. When buying or selling property, the guideline value serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

It is crucial for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Accurate knowledge of this value ensures compliance with legal requirements during the property transfer process.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar 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 176 per sq.ft in 2003 to Rs 935 per sq.ft in 2024, reflecting an overall increase of 431% over this period.

What is the classification of land in Sri Devi Nagar?

Sri Devi Nagar is classified as Residential Class II Type - II under the Avadi SRO.

Where can I find the Sub Registrar Office for Sri Devi Nagar?

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 in Sri Devi Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 935 per sq.ft incurs a total stamp duty and registration fee of Rs 84,150.