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Guideline Value

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Guideline Value for Sri Devi Nagar Link 3rd Cross Street

₹1540/sq.ft.

The guideline value for Sri Devi Nagar Link 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 Link 3rd Cross Street

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Sri Devi Nagar Link 3rd Cross Street guideline value

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

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

The guideline value for Sri Devi Nagar Link 3rd Cross Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,400 per sq.ft. This figure decreased to Rs 938 per sq.ft in the 2017 revision. However, from 2017 to 2023, the guideline value saw a significant increase to Rs 1,400 per sq.ft, followed by a further increase to Rs 1,540 per sq.ft in the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 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 guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value of Sri Devi Nagar Link 3rd Cross Street.

Stamp duty and registration fee for property in Sri Devi Nagar Link 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 amounts to Rs 15,40,000. The stamp duty at 7% would be 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 duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Devi Nagar Link 3rd Cross Street?

The Sri Devi Nagar Link 3rd Cross Street falls under 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 is a crucial factor in the registration process when buying or selling property in Thiruverkadu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller approaches the Kunrathur SRO, the guideline value helps establish the transaction's legitimacy and ensures compliance with local regulations. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar Link 3rd Cross Street?

The current guideline value of Sri Devi Nagar Link 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 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 of Sri Devi Nagar Link 3rd Cross Street?

Sri Devi Nagar Link 3rd Cross Street is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Sri Devi Nagar Link 3rd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 15,40,000, resulting in a stamp duty of Rs 1,07,800.