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Guideline Value

Corporate

Guideline Value for Sri Devi Nagar Link 1st Cross Street

₹1540/sq.ft.

The guideline value for Sri Devi Nagar Link 1st 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 Link 1st Cross Street

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Sri Devi Nagar Link 1st Cross Street guideline value

The current guideline value of Sri Devi Nagar Link 1st 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, classified as Residential Class I Type - I.

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

Looking back at the revisions, the guideline value for this street was Rs 1,400 per sq.ft in 2023, which increased to Rs 1,540 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 938 per sq.ft. This indicates a significant increase of +49% from 2017 to 2023.

In the earlier revision of 2012, the guideline value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017, reflecting a drop of -33%. Overall, from 2012 to 2024, 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 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 value is Rs 1,540 per sq.ft, which is equal to the guideline value of Sri Devi Nagar Link 1st Cross Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the 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, totaling Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Nagar Link 1st Cross Street?

The Sub Registrar Office that covers Sri Devi Nagar Link 1st Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruverkadu. It is used to determine the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

The current guideline value of Sri Devi Nagar Link 1st Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 1,540 per sq.ft in 2024, showing an overall increase of +10%.

What is the land classification for Sri Devi Nagar Link 1st Cross Street?

Sri Devi Nagar Link 1st Cross Street is classified as Residential Class I Type - I under the Kunrathur SRO.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations for this street?

The Kunrathur Sub Registrar Office handles property registrations for Sri Devi Nagar Link 1st Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.