Guideline Value for Barder Street (Devi Nagar)

Barder Street (Devi Nagar) guideline value

The current guideline value of Barder Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Barder Street (Devi Nagar) has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 2,400 per sq.ft, reflecting a rise of 63% over that period. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 9%.

The register has no figure for Barder Street (Devi Nagar) in the years 2002, 2003, 2007, and 2023.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, which is equal to the current figure for Barder Street (Devi Nagar).

• Bashiyam Road (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Beula Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathi Dasan Street (Senthil Nagar Extn): Rs 2,700 per sq.ft (2024)
• Balaji Nagar Extension: Rs 3,801 per sq.ft (2024)
• Bharathi Nagar 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Barder Street (Devi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Barder Street (Devi Nagar)?

The Sub Registrar Office that covers Barder Street (Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirumullaivoyal. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It ensures that the government receives the appropriate revenue based on the assessed value of the property.

Both buyers and sellers should be aware that the guideline value may differ from the actual sale price. In such cases, the duty is charged on the higher of the two amounts, ensuring that the transaction is taxed fairly according to the established guidelines.

Frequently asked questions

What is the current guideline value of Barder Street (Devi Nagar)?

The current guideline value of Barder Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,400 per sq.ft in 2024. This reflects a decrease of 33% from 2012 to 2017, followed by an increase of 63% from 2017 to 2024.

What is the land classification of Barder Street (Devi Nagar)?

Barder Street (Devi Nagar) is classified under Residential Class I Type - I land classification, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Barder Street (Devi Nagar)?

The Sub Registrar Office for Barder Street (Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty for properties in Thirumullaivoyal is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.