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Guideline Value

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

₹3300/sq.ft.

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

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

The current guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sathya Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the jurisdiction of 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) - Sathya Street has changed

The guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sathya 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. Following this, the value rose significantly to Rs 445 per sq.ft in 2007, marking an increase of 237%. The 2012 revision saw the value at Rs 3,000 per sq.ft, which was a 574% increase from 2007. However, the value dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

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

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft as of 2024. The median value for these streets is Rs 3,050 per sq.ft, placing SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sathya Street above this median.

Stamp duty and registration fee for property in SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sathya 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, 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 information, you can use the stamp duty and registration fee calculator.

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

The SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sathya Street falls under 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 in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. The guideline value ensures that the property is assessed fairly for taxation purposes.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This process ensures transparency and compliance with local regulations during the property transaction.

Frequently asked questions

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

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

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

The stamp duty rate for properties in SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sathya Street is 7% of the guideline value or the sale price, whichever is higher.

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

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

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

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