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Guideline Value

Corporate

Guideline Value for SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street

₹3300/sq.ft.

The guideline value for Sri Devi Seemathamman Nagar(east) 3rd 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) 3rd Street

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SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street guideline value

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

How the guideline value of SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street has changed

The guideline value for SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 120 per sq.ft. This increased to Rs 132 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 445 per sq.ft in 2007, which represented an increase of 237%. Following this, the 2012 revision set the value at Rs 3,000 per sq.ft, reflecting a substantial increase of 574%. However, in 2017, the guideline value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in 2024, showing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,650%. Notably, there are no figures available for the revisions in the years between 2002 and 2003, and 2017 to 2023.

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. The median guideline value for these streets is Rs 3,050 per sq.ft, placing SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street above this median.

Stamp duty and registration fee for property in SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd 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, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that 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 more details.

Which Sub Registrar Office covers SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street?

The SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Maduravoyal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the market conditions at the time of sale. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration of property.

Frequently asked questions

What is the current guideline value of SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street?

The current guideline value of SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd 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 seen significant changes, increasing from Rs 120 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2,650%.

What is the median guideline value for streets in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft, with SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street being above this median at Rs 3,300 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street?

The Virugambakkam Sub Registrar Office handles the registration for SRI DEVI SEEMATHAMMAN NAGAR(East) 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.