Guideline Value

Corporate

Guideline Value for Sri Devi Nagar Main Road

₹1540/sq.ft.

The guideline value for Sri Devi Nagar Main Road 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 Main Road

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Sri Devi Nagar Main Road guideline value

The current guideline value of Sri Devi Nagar Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Devi Nagar Main Road has changed

The guideline value for Sri Devi Nagar Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,400 per sq.ft. This was followed by a decrease to Rs 938 per sq.ft in 2017. The 2023 revision marked an increase to Rs 1,400 per sq.ft, and the latest revision in 2024 raised it to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the guideline value increased by 49% from 2017 to 2023 and experienced a 10% overall increase from 2012 to 2024. Notably, there are no figures available 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 the same as the current guideline value for Sri Devi Nagar Main Road.

Stamp duty and registration fee for property in Sri Devi Nagar Main Road

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, totaling 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Nagar Main Road?

The Sub Registrar Office covering Sri Devi Nagar Main Road 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 plays a crucial role in the registration process of property transactions in Thiruverkadu. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar Main Road?

The current guideline value of Sri Devi Nagar Main Road 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 are the stamp duty and registration fees for property in Sri Devi Nagar Main Road?

For a 1,000 sq.ft plot, the stamp duty is Rs 1,07,800 and the registration fee is Rs 30,800, totaling Rs 1,38,600 based on the current guideline value.

Which Sub Registrar Office covers Sri Devi Nagar Main Road?

The Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069 covers Sri Devi Nagar Main Road.

What is the land classification for Sri Devi Nagar Main Road?

Sri Devi Nagar Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.