Guideline Value for DEVI SRI ELLAMMAN NAGAR

Devi Sri Ellamman Nagar guideline value

The current guideline value of Devi Sri Ellamman Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This village is located in Uthukkadu under the Walajabad SRO, classified as Residential Class I Type - II.

How the guideline value of Devi Sri Ellamman Nagar has changed

The guideline value for Devi Sri Ellamman Nagar has seen significant changes over the years. The earliest recorded revision for this street is from 2017, where the guideline value was Rs 201 per sq.ft. In the subsequent revision in 2023, the value increased by 49% to Rs 300 per sq.ft. The 2024 revision maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Devi Sri Ellamman Nagar. Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Devi Sri Ellamman Nagar's 2024 figure below this median.

• Devi Sri Ellai Amman Nagar: Rs 300 per sq.ft (2024)
• Doctor S Detroit City: Rs 775 per sq.ft (2024)
• Eshwaran Nagar Phase-II: Rs 350 per sq.ft (2024)
• Eswaran Nagar Phase-11: Rs 350 per sq.ft (2024)
• Ganesha Nagar: Rs 300 per sq.ft (2024)
• Gs Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Sri Ellamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Devi Sri Ellamman Nagar?

The Sub Registrar Office that covers Devi Sri Ellamman Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value plays a crucial role during the registration of property transactions in Uthukkadu - A. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning for their transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Devi Sri Ellamman Nagar?

The current guideline value of Devi Sri Ellamman Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% from Rs 201 per sq.ft to Rs 300 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the median guideline value for streets in Uthukkadu - A?

The median guideline value for the 38 streets in Uthukkadu - A under the Walajabad SRO is Rs 350 per sq.ft. Devi Sri Ellamman Nagar's value is below this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would amount to Rs 27,000.

Which office handles property registrations in Devi Sri Ellamman Nagar?

The Walajabad Sub Registrar Office handles property registrations for Devi Sri Ellamman Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.