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Guideline Value

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

₹3300/sq.ft.

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

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

The current guideline value of SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sivakami 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) - Sivakami Street has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 120 per sq.ft, which increased to Rs 132 per sq.ft in 2003, marking a 10% rise. The value further escalated to Rs 445 per sq.ft in 2007, reflecting a substantial increase of 237%. By 2012, the guideline value was Rs 3,000 per sq.ft, a notable increase of 574% from the previous revision. However, it decreased by 33% to Rs 2,010 per sq.ft in 2017.

In 2023, the value rose to Rs 3,000 per sq.ft, and in the latest 2024 revision, it increased by 10% to Rs 3,300 per sq.ft. Overall, from 2002 to 2024, the guideline value has surged by 2,650% for this street.

Guideline values in Maduravoyal

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

Stamp duty and registration fee for property in SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sivakami 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, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

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

The SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sivakami 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 information.

How the guideline value is used when you buy or sell in Maduravoyal

The guideline value is a crucial factor during the registration of property transactions in Maduravoyal. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers and sellers must be aware of these values to ensure compliance with legal requirements.

Frequently asked questions

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

The current guideline value for SRI DEVI SEEMATHAMMAN NAGAR(WEST) - Sivakami 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 registration office for this area?

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

What are the stamp duty rates applicable in this area?

The stamp duty rate applicable in this area is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the minimum price at which a property can be registered. It also plays a crucial role in calculating the stamp duty and registration fees during property transactions.