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Guideline Value

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Guideline Value for SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street

₹3300/sq.ft.

The guideline value for Sri Devi Seemathamman Nagar(east) 1st Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹445 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹132 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹120 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Seemathamman Nagar(east) 1st Street

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SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street guideline value

The current guideline value of SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street has changed

The guideline value for SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 120 per sq.ft. This increased to Rs 132 per sq.ft in 2003, showing a change of +10%. In 2007, the value saw a significant rise to Rs 445 per sq.ft, reflecting an increase of +237%. The 2012 revision brought the value back to Rs 3,000 per sq.ft, marking a decrease of -33% from the previous revision. In 2017, the guideline value rose to Rs 2,010 per sq.ft, which was a +49% increase. The most recent revisions include Rs 3,000 per sq.ft in 2023 and the current Rs 3,300 per sq.ft in 2024, representing a +10% increase.

There are no figures available for the years between these revisions that are not listed. Overall, from 2002 to 2024, the guideline value has increased by +2650%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street is above this median.

Stamp duty and registration fee for property in SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 calculations.

Which Sub Registrar Office covers SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street?

The Sub Registrar Office that covers SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are documented accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street?

The current guideline value of SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +2650% over the years.

What is the land classification for SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street?

The land classification for SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for SRI DEVI SEEMATHAMMAN NAGAR(East) 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.