Guideline Value

Corporate

Guideline Value for Sri Devi Nagar

₹4400/sq.ft.

The guideline value for Sri Devi Nagar in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹916 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹395 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹363 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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

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Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar, located in Valasaravakkam village under the Virugambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Sri Devi Nagar has changed

Since 2002, the guideline value of Sri Devi Nagar has undergone several revisions. The register shows the following figures: in 2002, it was Rs 363 per sq.ft; in 2003, it increased to Rs 395 per sq.ft; then in 2007, it saw a significant rise to Rs 916 per sq.ft. The 2012 revision brought the value back to Rs 4,000 per sq.ft, while in 2017, it decreased to Rs 2,680 per sq.ft. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent 2024 revision has established it at Rs 4,400 per sq.ft.

Notably, the changes between revisions include a +10% increase from 2023 to 2024, a +49% increase from 2017 to 2023, a -33% decrease from 2012 to 2017, a +337% increase from 2007 to 2012, a +132% increase from 2003 to 2007, and a +9% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by +1112%.

Guideline values in Valasaravakkam

In Valasaravakkam, the guideline values for 774 streets under the Virugambakkam SRO range from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of Sri Devi Nagar is above this median.

Stamp duty and registration fee for property in Sri Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Nagar?

The Sub Registrar Office that covers Sri Devi Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 setting it at Rs 4,400 per sq.ft, up from Rs 4,000 per sq.ft in 2023. Overall, from 2002 to 2024, the guideline value has increased by +1112%.

What are the stamp duty and registration fees for properties in Sri Devi Nagar?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Sri Devi Nagar?

Sri Devi Nagar falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of Sri Devi Nagar?

Sri Devi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development and transactions.