Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

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

₹3300/sq.ft.

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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Indira Gandhi Street guideline value

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

The guideline value for this street has seen several revisions over the years. Starting from Rs 120 per sq.ft in 2002, it increased to Rs 132 per sq.ft in 2003, marking a 10% rise. The value then jumped significantly to Rs 445 per sq.ft in 2007, which was a 237% increase. Following this, the value soared to Rs 3,000 per sq.ft in 2012, reflecting a substantial 574% change. However, it fell to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The guideline value then rose again to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,650%. The register has no figure for this street for the years not mentioned in the revisions.

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 in this area is Rs 3,050 per sq.ft, placing SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Indira Gandhi Street above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Indira Gandhi Street?

The Sub Registrar Office that covers SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Indira Gandhi 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 an important factor when registering property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that transactions are recorded accurately in the official register.

When you buy or sell property, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Indira Gandhi Street?

The current guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Indira Gandhi 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 increased from Rs 120 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2,650% over the years.

What is the land classification for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Indira Gandhi Street?

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

Which authority oversees the guideline values in this area?

The guideline values in this area are overseen by the Virugambakkam Sub Registrar Office, which is responsible for property registrations in Maduravoyal.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.