Guideline Value

Corporate

Guideline Value for SRI DEVIO NAGAR LAKSHMI ST

₹935/sq.ft.

The guideline value for Sri Devio Nagar Lakshmi St in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 935 per sq.ft, effective 1 July 2024. It was Rs 850 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹935 /sq.ft.
From 1-4-2023 ₹850 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Devio Nagar Lakshmi St

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Sri Devio Nagar Lakshmi St guideline value

The current guideline value of Sri Devio Nagar Lakshmi St is Rs 935 per sq.ft. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sri Devio Nagar Lakshmi St has changed

Over the years, the guideline value of Sri Devio Nagar Lakshmi St has seen several revisions. The most recent revision in 2024 set the value at Rs 935 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 850 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 569 per sq.ft, reflecting a significant increase of 49% compared to the 2023 figure. The 2012 revision also recorded Rs 850 per sq.ft, which was a decrease of 33% from the 2017 figure. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

When looking at the overall changes from 2012 to 2024, the guideline value has increased by 10%. The 2012 figure of Rs 850 per sq.ft has evolved to the current value of Rs 935 per sq.ft in 2024, indicating a gradual adjustment in the guideline value over the years.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current guideline value of Sri Devio Nagar Lakshmi St.

Stamp duty and registration fee for property in Sri Devio Nagar Lakshmi St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty, charged at 7%, would be Rs 65,450, while the registration fee at 2% would be Rs 18,700. Together, these fees amount to Rs 84,150. It is important to note that 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 Devio Nagar Lakshmi St?

The Sub Registrar Office that covers Sri Devio Nagar Lakshmi St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an important factor during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the fair value of the property being transacted. It is essential to consider the guideline value when negotiating sale prices, as it influences the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Sri Devio Nagar Lakshmi St?

The current guideline value of Sri Devio Nagar Lakshmi St is Rs 935 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2023 to Rs 935 per sq.ft in 2024, a 10% increase. The value was Rs 569 per sq.ft in 2017, showing a 49% increase from 2017 to 2023.

What is the land classification for Sri Devio Nagar Lakshmi St?

Sri Devio Nagar Lakshmi St is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office for Sri Devio Nagar Lakshmi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 9,35,000, the stamp duty at 7% would be Rs 65,450.