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Guideline Value

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Guideline Value for Sri . Devi Karumari Amman Nagar

₹880/sq.ft.

The guideline value for Sri . Devi Karumari Amman Nagar in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 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

Ayappakkam

Village

Ambattur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹90 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹72 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Karumari Amman Nagar

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Sri . Devi Karumari Amman Nagar guideline value

The current guideline value of Sri . Devi Karumari Amman Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sri . Devi Karumari Amman Nagar has changed

The guideline value for Sri . Devi Karumari Amman Nagar has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 72 per sq.ft. It increased to Rs 90 per sq.ft in 2003, followed by a substantial rise to Rs 400 per sq.ft in 2007. The 2012 revision saw the value remain at Rs 800 per sq.ft, but it dropped to Rs 536 per sq.ft in 2017. The 2023 revision marked an increase to Rs 800 per sq.ft, and the most recent 2024 revision brought it to Rs 880 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2003, the guideline value increased by 25%. The jump from 2003 to 2007 was significant at 344%. The value then doubled from 2007 to 2012, showing a 100% increase. However, it decreased by 33% from 2012 to 2017. The guideline value rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1122%.

Guideline values in Ayappakkam

Ayappakkam village has a total of 221 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing the guideline value of Sri . Devi Karumari Amman Nagar below this median.

Stamp duty and registration fee for property in Sri . Devi Karumari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for stamp duty and registration fees to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri . Devi Karumari Amman Nagar?

The Sub Registrar Office that covers Sri . Devi Karumari Amman Nagar is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during the registration process.

Additionally, the guideline value is used to calculate the applicable stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri . Devi Karumari Amman Nagar?

The current guideline value of Sri . Devi Karumari Amman Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 72 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification for Sri . Devi Karumari Amman Nagar?

Sri . Devi Karumari Amman Nagar is classified as Residential Class II Type - II.

What is the address of the Sub Registrar Office for this area?

The Sub Registrar Office for Sri . Devi Karumari Amman Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Sri . Devi Karumari Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.