Guideline Value

Corporate

Guideline Value for SRI DEVI NAGAR

₹485/sq.ft.

The guideline value for Sri Devi Nagar in Vichoor village (Thiruvottiyur SRO, Chennai zone) is Rs 485 per sq.ft, effective 1 July 2024. It was Rs 441 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vichoor

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹485 /sq.ft.
From 1-4-2023 ₹441 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹295 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹440 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹53 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Devi Nagar has changed

The guideline value for Sri Devi Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 53 per sq.ft, which increased to Rs 150 per sq.ft in 2007, marking a significant rise of 183%. By 2012, the value slightly decreased to Rs 440 per sq.ft, a drop of 33%. However, it rebounded to Rs 295 per sq.ft in 2017, and then surged by 49% to Rs 441 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 485 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for Sri Devi Nagar in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by 815%, showcasing significant changes over the years.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value is Rs 485 per sq.ft, which is the same as the guideline value for Sri Devi Nagar. Below are the guideline values for other streets in Vichoor:

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 485 per sq.ft, the total guideline value would be Rs 4,85,000. The stamp duty, calculated at 7%, amounts to Rs 33,950, while the registration fee at 2% is Rs 9,700. Together, the total cost for these fees would be Rs 43,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Nagar?

Sri Devi Nagar falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Vichoor

The guideline value plays a crucial role during the registration of property transactions in Vichoor. It serves as a reference point for determining the applicable stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to calculate the total cost involved in the transaction.

When a property is registered, the guideline value is used to assess the financial obligations, ensuring that all parties are aware of the costs associated with the transfer of ownership. This process helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 53 per sq.ft in 2002 to Rs 485 per sq.ft in 2024, an overall increase of 815%.

What is the registration office for Sri Devi Nagar?

The Thiruvottiyur Sub Registrar Office covers Sri Devi Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Sri Devi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 33,950 based on the current guideline value.

Are there other streets with the same guideline value in Vichoor?

Yes, several other streets in Vichoor also have a guideline value of Rs 485 per sq.ft in 2024, including Sri Mahalashmi Nagar, Sri Mugambigai Nagar, and others.