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Guideline Value

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Guideline Value for Sri Devi Kuppam (Ambal Nagar)

₹4400/sq.ft.

The guideline value for Sri Devi Kuppam (ambal Nagar) 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 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹428 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹393 /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 Kuppam (ambal Nagar)

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Sri Devi Kuppam (Ambal Nagar) guideline value

The current guideline value of Sri Devi Kuppam (Ambal Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Sri Devi Kuppam (Ambal Nagar) has changed

The guideline value for Sri Devi Kuppam (Ambal Nagar) has seen significant changes over the years. In 2002, the value was Rs 393 per sq.ft, which increased to Rs 428 per sq.ft in 2003, marking a 9% rise. The value then jumped to Rs 650 per sq.ft in 2007, reflecting a 52% increase. Following this, the value surged to Rs 4,000 per sq.ft in 2012, a remarkable 515% increase. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value increased again to Rs 4,000 per sq.ft in 2023, followed by a 10% rise to the current rate of Rs 4,400 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1,020%. The register has no figures for the years not mentioned in this summary.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing the 2024 figure for Sri Devi Kuppam (Ambal Nagar) above this median.

Stamp duty and registration fee for property in Sri Devi Kuppam (Ambal Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Kuppam (Ambal Nagar)?

The Sub Registrar Office that covers Sri Devi Kuppam (Ambal Nagar) is 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 plays a crucial role in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the government and reflects the prevailing rates for various areas.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures transparency in the transaction process. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sri Devi Kuppam (Ambal Nagar)?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 393 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1,020%.

What is the registration office for Sri Devi Kuppam (Ambal Nagar)?

The registration office for Sri Devi Kuppam (Ambal Nagar) is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property transactions?

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

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam with a guideline value of Rs 4,400 per sq.ft include Sri Devi Kuppam Main Road (Arcot Road), Sri Devi Kuppam Main Road (Radha Avenue), and several streets in Sri Devi Karumariamman Nagar.