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Guideline Value

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Guideline Value for Sri Devi Kuppam Main Road (Radha Avenue)

₹4400/sq.ft.

The guideline value for Sri Devi Kuppam Main Road (radha Avenue) in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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)

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 Kuppam Main Road (radha Avenue)

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Sri Devi Kuppam Main Road (Radha Avenue) guideline value

The current guideline value of Sri Devi Kuppam Main Road (Radha Avenue) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sri Devi Kuppam Main Road (Radha Avenue) has changed

The guideline value for Sri Devi Kuppam Main Road (Radha Avenue) has seen several changes over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from Rs 2,680 per sq.ft in the 2017 revision. However, the value increased to Rs 4,000 per sq.ft again in 2023, and subsequently rose by 10% to Rs 4,400 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 4,000 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value for Sri Devi Kuppam Main Road (Radha Avenue) is above this median.

Stamp duty and registration fee for property in Sri Devi Kuppam Main Road (Radha Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the 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 Kuppam Main Road (Radha Avenue)?

The Sri Devi Kuppam Main Road (Radha Avenue) is covered by 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 Valasaravakkam

The guideline value is a crucial factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transfer process.

Frequently asked questions

What is the current guideline value of Sri Devi Kuppam Main Road (Radha Avenue)?

The current guideline value of Sri Devi Kuppam Main Road (Radha Avenue) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, which is a 10% increase. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for Sri Devi Kuppam Main Road (Radha Avenue)?

Sri Devi Kuppam Main Road (Radha Avenue) is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office covering Sri Devi Kuppam Main Road (Radha Avenue) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.