Guideline Value for DIVINITY

Divinity guideline value

The current guideline value of Divinity in Perumbakkam village is Rs 2,725 per sq.ft, effective from 1 July 2024. This property falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Divinity has changed

The guideline value for Divinity has seen several revisions over the years. In 2017, the value was Rs 1,675 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 set the value at Rs 2,725 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 63%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value is Rs 2,725 per sq.ft, which is the same as the guideline value for Divinity.

• Dhanalakshmi Avenue: Rs 2,750 per sq.ft (2024)
• Elangovadigal cross street: Rs 3,300 per sq.ft (2024)
• Elangovadigal street: Rs 3,300 per sq.ft (2024)
• Color Feels: Rs 2,725 per sq.ft (2024)
• Color Castle: Rs 3,950 per sq.ft (2024)
• Citrine Sanctum By Urban Tree: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Divinity

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value amounts to Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, making the total fees Rs 2,45,250. It is important to note that the 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 Divinity?

The Divinity property is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for both parties involved. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Divinity?

The current guideline value of Divinity is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,725 per sq.ft in 2024, reflecting a total increase of 63% from 2017 to 2024.

What is the median guideline value in Perumbakkam?

The median guideline value in Perumbakkam is Rs 2,725 per sq.ft, which is the same as the guideline value for Divinity.

What are the stamp duty and registration fees for property in Divinity?

For a plot of 1,000 sq.ft, the total guideline value is Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, totaling Rs 2,45,250.

Where is the Sub Registrar Office for Divinity located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.