Guideline Value for DEIVASIGAMANI 1ST STREET

Deivasigamani 1st Street guideline value

The current guideline value of Deivasigamani 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Deivasigamani 1st Street has changed

The guideline value for Deivasigamani 1st Street has seen several revisions over the years. In 2002, the value was Rs 605 per sq.ft, which increased to Rs 665 per sq.ft in 2003, marking a 10% increase. Following this, the value rose significantly to Rs 900 per sq.ft in 2007, a 35% increase. The next revision in 2012 saw a decrease to Rs 3,500 per sq.ft, a drop of 289% from the previous figure. In 2017, the guideline value increased to Rs 2,345 per sq.ft, which was a 33% decline from 2012. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, reflecting a 62% increase from 2017.

It is important to note that there is no figure recorded for Deivasigamani 1st Street in the 2023 revision.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value for Deivasigamani 1st Street is below this median.

• Deivasigamani 2nd Street: Rs 3,800 per sq.ft (2024)
• Dayalammal Street: Rs 4,400 per sq.ft (2024)
• Dass Street: Rs 4,400 per sq.ft (2024)
• Dass Puram: Rs 4,400 per sq.ft (2024)
• Dhanakotiammal Street: Rs 7,100 per sq.ft (2024)
• Corporation Colony 2nd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Deivasigamani 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Deivasigamani 1st Street?

The Sub Registrar Office that covers Deivasigamani 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps determine the minimum value on which the stamp duty will be calculated. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Deivasigamani 1st Street?

The current guideline value of Deivasigamani 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 528% over the years.

What is the land classification for Deivasigamani 1st Street?

Deivasigamani 1st Street is classified as Residential Class IV Type - III.

Where can I find the registration office for Deivasigamani 1st Street?

The registration office for Deivasigamani 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 38,00,000, the stamp duty would be calculated on this amount unless the sale price is higher.