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Guideline Value

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

₹3300/sq.ft.

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

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

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

The guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - MGR Street has seen significant changes over the years. In 2002, the guideline value was Rs 120 per sq.ft, which increased to Rs 132 per sq.ft in 2003. Following this, the value rose to Rs 445 per sq.ft in 2007. The 2012 revision brought the value back to Rs 3,000 per sq.ft, but it dropped to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,650%. The changes between the revisions reflect fluctuations, with the most notable increase occurring from 2007 to 2012, where the value surged by 574%. There are no figures available for any other revisions for this street.

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(WEST) - MGR Street above this median.

Stamp duty and registration fee for property in SRI DEVI SEEMATHAMMAN NAGAR(WEST) - MGR 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, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The SRI DEVI SEEMATHAMMAN NAGAR(WEST) - MGR 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 more details.

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 government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall costs associated with the transaction. Buyers should be aware that the final costs may vary based on the sale price, as the higher of the guideline value or the sale price will be used to calculate the applicable duties.

Frequently asked questions

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

The current guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - MGR 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 2,650% over this period.

What is the land classification for this area?

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

What is the stamp duty rate for property in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Virugambakkam Sub Registrar Office, which covers SRI DEVI SEEMATHAMMAN NAGAR(WEST) - MGR Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.