Guideline Value for DEIVASIGAMANI STREET

Deivasigamani Street guideline value

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

How the guideline value of Deivasigamani Street has changed

Deivasigamani Street has seen significant changes in its guideline value over the years. The register shows that in 2002, the guideline value was Rs 496 per sq.ft, which increased to Rs 547 per sq.ft in 2003, marking a 10% rise. The value then continued to rise to Rs 700 per sq.ft in 2007, a substantial increase of 28%. Following this, the value surged to Rs 3,500 per sq.ft in 2012, representing a remarkable 400% increase. However, it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The guideline value then rose to Rs 3,500 per sq.ft in 2023, followed by a further increase to the current value of Rs 3,800 per sq.ft in 2024, reflecting a 9% change.

The overall increase from 2002 to 2024 is 666%. There are no figures available for the revisions in years other than those listed.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, which places Deivasigamani Street's 2024 guideline value below that median.

• C.P. Chittrarasu Street: Rs 3,800 per sq.ft (2024)
• Collectorate Colony V Th Cross Street: Rs 6,600 per sq.ft (2024)
• Collectorate Colony VI Th Cross Street: Rs 6,600 per sq.ft (2024)
• Collectorate Colony Main Road: Rs 6,600 per sq.ft (2024)
• Collectorate Colony IV Th Cross Street: Rs 6,600 per sq.ft (2024)
• Collectorate Colony I St Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Deivasigamani Street

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

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

Which Sub Registrar Office covers Deivasigamani Street?

The Sub Registrar Office that covers Deivasigamani 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 Arumbakkam

The guideline value plays a crucial role in the registration process of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Deivasigamani Street?

The current guideline value of Deivasigamani 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 significantly from Rs 496 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Deivasigamani Street?

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

Where can I find the Sub Registrar Office for Deivasigamani Street?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 3,42,000.