Guideline Value

Corporate

Guideline Value for SriDevi Karumari Nagar

₹990/sq.ft.

The guideline value for Sridevi Karumari Nagar in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Sridevi Karumari Nagar

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SriDevi Karumari Nagar guideline value

The current guideline value of SriDevi Karumari Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of SriDevi Karumari Nagar has changed

The guideline value for SriDevi Karumari Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, this figure decreased to Rs 603 per sq.ft in 2017. The 2023 revision raised the value to Rs 900 per sq.ft, and the latest revision in 2024 has further increased it to Rs 990 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

Notably, the changes between revisions have varied significantly. From 2007 to 2012, the value increased by 80%, but then it decreased by 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 98%.

Guideline values in Nandambakkam

In Nandambakkam, there are 94 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,300 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of SriDevi Karumari Nagar is above this median.

Stamp duty and registration fee for property in SriDevi Karumari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SriDevi Karumari Nagar?

The Sub Registrar Office that covers SriDevi Karumari Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nandambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable charges. Buyers should be aware that the stamp duty and registration fees will be based on either the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of SriDevi Karumari Nagar?

The current guideline value of SriDevi Karumari Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, marking an overall increase of 98% over the years.

What are the stamp duty rates applicable in SriDevi Karumari Nagar?

The stamp duty rate for property transactions in SriDevi Karumari Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for SriDevi Karumari Nagar?

The Padappai Sub Registrar Office handles registrations for SriDevi Karumari Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Nandambakkam?

The median guideline value for streets in Nandambakkam is Rs 880 per sq.ft, with SriDevi Karumari Nagar's value being above this median at Rs 990 per sq.ft.