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Guideline Value

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Guideline Value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar Street

₹3300/sq.ft.

The guideline value for Sri Devi Seemathamman Nagar(west) - Ambedkar 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(west) - Ambedkar Street

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SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar Street guideline value

The current guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar 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(WEST) - Ambedkar Street has changed

The guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar Street has seen several revisions over the years. Starting from 2002, the guideline value was Rs 120 per sq.ft. This increased to Rs 132 per sq.ft in 2003, marking a 10% rise. In 2007, the value jumped significantly to Rs 445 per sq.ft, reflecting a 237% increase. The value then rose to Rs 3,000 per sq.ft in 2012, which was a 574% increase from the previous revision. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33% from 2012.

From 2017 to 2023, the guideline value increased by 49% to reach Rs 3,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 2,650%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with 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(WEST) - Ambedkar Street above this median.

Stamp duty and registration fee for property in SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar 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 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 SEEMATHAMMAN NAGAR(WEST) - Ambedkar Street?

The Sub Registrar Office that covers SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar 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 is a crucial factor when registering property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar Street?

The current guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar 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 significantly from Rs 120 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2,650% over this period.

What is the land classification for this area?

The land classification for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar Street is Residential Class II Type - I.

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

The Sub Registrar Office for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Ambedkar 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 property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,31,000.