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Guideline Value

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Guideline Value for DEVI KARUMARIAMMAN NAGAR 1 & 2 MAIN ROAD

₹2530/sq.ft.

The guideline value for Devi Karumariamman Nagar 1 & 2 Main Road in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 27% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Devi Karumariamman Nagar 1 & 2 Main Road

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Devi Karumariamman Nagar 1 & 2 Main Road guideline value

The current guideline value for Devi Karumariamman Nagar 1 & 2 Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Devi Karumariamman Nagar 1 & 2 Main Road has changed

Over the years, the guideline value for Devi Karumariamman Nagar has seen several revisions. The 2012 revision set the value at Rs 2,300 per sq.ft, which decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a decline of 33%. The subsequent revision in 2023 increased the value to Rs 2,000 per sq.ft, reflecting a rise of 30%. The most recent revision in 2024 has further increased the guideline value to Rs 2,530 per sq.ft, which is a 27% increase from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen an increase of 10%.

Guideline values in S. Kullathur

S. Kullathur has a total of 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Devi Karumariamman Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Devi Karumariamman Nagar 1 & 2 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. 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 Devi Karumariamman Nagar 1 & 2 Main Road?

The Sub Registrar Office that covers Devi Karumariamman Nagar 1 & 2 Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO here.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor in the property registration process in S. Kullathur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official value set by the government.

When buying or selling a property, the guideline value must be considered as it can affect the overall transaction costs. Buyers should be aware that the stamp duty is charged on the higher of the guideline value and the sale price, which can impact the total amount payable at the time of registration.

Frequently asked questions

What is the current guideline value for Devi Karumariamman Nagar 1 & 2 Main Road?

The current guideline value for Devi Karumariamman Nagar 1 & 2 Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the classification of land in Devi Karumariamman Nagar?

Devi Karumariamman Nagar is classified as Residential Class I Type - II.

Where can I find the registration office for Devi Karumariamman Nagar?

The registration office for Devi Karumariamman Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in S. Kullathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 25,30,000 would incur a stamp duty of Rs 1,77,100 at 7%.