Guideline Value

Corporate

Guideline Value for Sridevi Nagar

₹720/sq.ft.

The guideline value for Sridevi Nagar in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 720 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹720 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹650 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹75 /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 Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sridevi Nagar guideline value

The current guideline value of Sridevi Nagar, located in Nandambakkam village under the Padappai SRO, is Rs 720 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Sridevi Nagar has changed

Over the years, the guideline value of Sridevi Nagar has seen significant changes. The 2007 revision recorded a guideline value of Rs 75 per sq.ft, which increased to Rs 650 per sq.ft in 2012, marking a substantial rise of 767%. However, from 2012 to 2017, the value decreased to Rs 435 per sq.ft, reflecting a decline of 33%. The 2017 revision brought the value up to Rs 650 per sq.ft again, and by 2023, it had increased to Rs 650 per sq.ft before reaching the current value of Rs 720 per sq.ft in 2024, an increase of 11% from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 860%.

Guideline values in Nandambakkam

Nandambakkam village has a total of 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Sridevi Nagar's 2024 value below this median.

Stamp duty and registration fee for property in Sridevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty, calculated at 7%, would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees to Rs 64,800. 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 Sridevi Nagar?

The Sub Registrar Office that covers Sridevi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Nandambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property registration. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Sridevi Nagar?

The current guideline value of Sridevi Nagar is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 75 per sq.ft in 2007 to Rs 720 per sq.ft in 2024, reflecting an overall increase of 860% over this period.

What is the median guideline value for streets in Nandambakkam?

The median guideline value for streets in Nandambakkam is Rs 880 per sq.ft, which is higher than the current value of Sridevi Nagar.

What are the stamp duty and registration fees for property in Sridevi Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 64,800.

Which office handles property registrations in Sridevi Nagar?

The Padappai Sub Registrar Office handles property registrations for Sridevi Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai.