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Guideline Value

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

₹3300/sq.ft.

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

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

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

How the guideline value of SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Periyar Street has changed

The guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Periyar Street has seen several revisions over the years. In 2002, the value was Rs 120 per sq.ft, which increased to Rs 132 per sq.ft in 2003, marking a 10% rise. Following this, the value surged to Rs 445 per sq.ft in 2007, reflecting a significant increase of 237%. The 2012 revision brought the value back to Rs 3,000 per sq.ft, a decrease of 574% from the previous figure. In 2017, the value again changed to Rs 2,010 per sq.ft, which was a 33% reduction from 2012. The 2023 revision saw the value rise to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2650%. The register has no figures 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 for these streets is Rs 3,050 per sq.ft, placing SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Periyar Street above that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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. 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) - Periyar Street?

The Sub Registrar Office that covers SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Periyar 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 critical factor during the registration of property transactions in Maduravoyal. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that these costs are based on a standard valuation set by the government.

When buying or selling property, it is essential to consider the guideline value as it directly impacts the financial obligations involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Periyar 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% across the years.

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

SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Periyar Street is classified as Residential Class II Type - I.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated for properties in Maduravoyal?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the financial obligations are aligned with the property's assessed value.