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Guideline Value

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Guideline Value for Sri Devi Nagar Link 2nd Cross Street

₹1540/sq.ft.

The guideline value for Sri Devi Nagar Link 2nd 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 2nd Cross Street

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Sri Devi Nagar Link 2nd Cross Street guideline value

The current guideline value of Sri Devi Nagar Link 2nd 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 Link 2nd Cross Street has changed

The guideline value for Sri Devi Nagar Link 2nd 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 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, and in the latest 2024 revision, it further rose to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes in guideline value from 2012 to 2024 show an overall increase of 10%, with notable jumps of 49% from 2017 to 2023 and a 10% increase from 2023 to 2024. The register does not contain 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 with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the guideline value for Sri Devi Nagar Link 2nd Cross Street.

Stamp duty and registration fee for property in Sri Devi Nagar Link 2nd 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, bringing the total to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Devi Nagar Link 2nd Cross Street?

The Sub Registrar Office that covers Sri Devi Nagar Link 2nd 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 critical factor during property transactions in Thiruverkadu. It is used to determine the stamp duty and registration fees payable when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps establish a baseline for the transaction price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar Link 2nd Cross Street?

The current guideline value of Sri Devi Nagar Link 2nd 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 increased 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 Link 2nd Cross Street?

Sri Devi Nagar Link 2nd Cross Street falls under the Residential Class I Type - I land classification.

Where can I find the registration office for this street?

The registration office for Sri Devi Nagar Link 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Thiruverkadu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 15,40,000, the stamp duty would be calculated on this amount if the sale price is lower.