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Guideline Value

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Guideline Value for Sri Devi Nagar - Gangaiamman Koil Street

₹4400/sq.ft.

The guideline value for Sri Devi Nagar - Gangaiamman Koil Street 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹395 /sq.ft.
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 Nagar - Gangaiamman Koil Street

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Sri Devi Nagar - Gangaiamman Koil Street guideline value

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

How the guideline value of Sri Devi Nagar - Gangaiamman Koil Street has changed

The guideline value for Sri Devi Nagar - Gangaiamman Koil Street has seen several revisions over the years. In 2003, the value was Rs 395 per sq.ft, which increased to Rs 500 per sq.ft in 2007. Following this, there was a significant rise to Rs 4,000 per sq.ft in 2012, but it dropped to Rs 2,680 per sq.ft by 2017. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of 2024. Notably, the register has no figure for this street in 2002.

Between the revisions, the changes are as follows: from 2003 to 2007, the value increased by 27%; from 2007 to 2012, it saw a dramatic rise of 700%; however, it decreased by 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, it increased by 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1014%.

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 as of 2024. The median value in this area is Rs 3,850 per sq.ft, making the current guideline value of Sri Devi Nagar - Gangaiamman Koil Street above this median.

Stamp duty and registration fee for property in Sri Devi Nagar - Gangaiamman Koil Street

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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Devi Nagar - Gangaiamman Koil Street?

The Sri Devi Nagar - Gangaiamman Koil Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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 determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of the guideline value to understand the financial implications of their transactions, including the costs associated with stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar - Gangaiamman Koil Street?

The current guideline value of Sri Devi Nagar - Gangaiamman Koil Street 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 significantly from Rs 395 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1014% over this period.

What is the land classification for Sri Devi Nagar - Gangaiamman Koil Street?

The land classification for Sri Devi Nagar - Gangaiamman Koil Street is Residential Class I Type - II.

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

The Sub Registrar Office covering Sri Devi Nagar - Gangaiamman Koil Street 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 higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.