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Guideline Value

Corporate

Guideline Value for Sri Devi Nagar 1st Street

₹3300/sq.ft.

The guideline value for Sri Devi Nagar 1st Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹388 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹354 /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 Nagar 1st Street

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Sri Devi Nagar 1st Street guideline value

The current guideline value of Sri Devi Nagar 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Devi Nagar 1st Street has changed

The guideline value for Sri Devi Nagar 1st Street has seen several revisions over the years. In the 2002 revision, the value was Rs 354 per sq.ft. This increased to Rs 388 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 500 per sq.ft in 2007, reflecting a significant increase of 29%. Following this, the 2012 revision set the value back to Rs 3,000 per sq.ft, a decrease of 500%. In 2017, the value was Rs 2,010 per sq.ft, which was a 33% decrease from the previous figure. The 2023 revision brought the value up to Rs 3,000 per sq.ft, and in the latest 2024 revision, it increased to Rs 3,300 per sq.ft, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 832%. There are no figures available for the years not listed in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, placing Sri Devi Nagar 1st Street's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Devi Nagar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the 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 Devi Nagar 1st Street?

The Sub Registrar Office that covers Sri Devi Nagar 1st Street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is important for both buyers and sellers, as it ensures compliance with local regulations and helps in accurate financial planning for property transactions.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar 1st Street?

The current guideline value of Sri Devi Nagar 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 354 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 832% over the years.

What is the stamp duty rate for property in Sri Devi Nagar 1st Street?

The stamp duty rate for property in Sri Devi Nagar 1st Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Sri Devi Nagar 1st Street?

The Virugambakkam Sub Registrar Office handles the registration for Sri Devi Nagar 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values of other streets in Maduravoyal?

Other streets in Maduravoyal have guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft, with the median being Rs 3,050 per sq.ft. Sri Devi Nagar 1st Street's value of Rs 3,300 per sq.ft is above this median.