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Guideline Value

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Guideline Value for Sri Devi Karumari Amman Nagar Part I to VIII

₹990/sq.ft.

The guideline value for Sri Devi Karumari Amman Nagar Part I To Viii in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Karumari Amman Nagar Part I To Viii

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Sri Devi Karumari Amman Nagar Part I to VIII guideline value

The current guideline value of Sri Devi Karumari Amman Nagar Part I to VIII is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Sri Devi Karumari Amman Nagar Part I to VIII has changed

The guideline value for Sri Devi Karumari Amman Nagar Part I to VIII has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 990 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nandambakkam

Nandambakkam village has a range of guideline values across its 94 streets under the Padappai SRO, with values ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing Sri Devi Karumari Amman Nagar Part I to VIII above this median at Rs 990 per sq.ft.

Stamp duty and registration fee for property in Sri Devi Karumari Amman Nagar Part I to VIII

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Karumari Amman Nagar Part I to VIII?

The Sub Registrar Office that covers Sri Devi Karumari Amman Nagar Part I to VIII is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301. For further information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Devi Karumari Amman Nagar Part I to VIII?

The current guideline value of Sri Devi Karumari Amman Nagar Part I to VIII is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for this area?

Sri Devi Karumari Amman Nagar Part I to VIII is classified as Residential Special Type - I.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Sri Devi Karumari Amman Nagar Part I to VIII is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

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

The Padappai Sub Registrar Office covers Sri Devi Karumari Amman Nagar Part I to VIII, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301.