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Guideline Value

Corporate

Guideline Value for Sri Devi Nagar 3rd Cross street

₹1540/sq.ft.

The guideline value for Sri Devi Nagar 3rd Cross Street in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 3rd Cross Street

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Sri Devi Nagar 3rd Cross street guideline value

The current guideline value of Sri Devi Nagar 3rd Cross street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Devi Nagar 3rd Cross street has changed

The guideline value for Sri Devi Nagar 3rd Cross street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded significantly in the 2023 revision to Rs 1,400 per sq.ft, and further increased by 10% to Rs 1,540 per sq.ft in the 2024 revision.

In summary, from the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value of Sri Devi Nagar 3rd Cross street.

Stamp duty and registration fee for property in Sri Devi Nagar 3rd Cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost Rs 1,38,600. 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 3rd Cross street?

The Sri Devi Nagar 3rd Cross street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruverkadu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standard valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the financial obligations during the registration process. Buyers should ensure they are informed about the current guideline value to avoid any surprises during the transaction.

Frequently asked questions

What is the current guideline value for Sri Devi Nagar 3rd Cross street?

The current guideline value for Sri Devi Nagar 3rd Cross street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for Sri Devi Nagar 3rd Cross street?

Sri Devi Nagar 3rd Cross street falls under the Residential Class I Type - I land classification.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Sri Devi Nagar 3rd Cross street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 15,40,000, leading to a stamp duty of Rs 1,07,800.