Guideline Value for Devagiyammal Street (Vetri Nagar)

Devagiyammal Street (Vetri Nagar) guideline value

The current guideline value of Devagiyammal Street (Vetri Nagar) in Peravallur village, under the Sembiam SRO, is Rs 3,301 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Special Type - II.

How the guideline value of Devagiyammal Street (Vetri Nagar) has changed

The guideline value for Devagiyammal Street (Vetri Nagar) has seen significant changes over the years. In 2002, the guideline value was Rs 360 per sq.ft, which increased to Rs 392 per sq.ft in 2003. Following this, the value rose to Rs 700 per sq.ft in 2007, and then to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017 before climbing to Rs 3,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 3,301 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 817%. The changes between revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a substantial 329% increase from 2007 to 2012, a 79% increase from 2003 to 2007, and a 9% increase from 2002 to 2003. There are no figures available for any other years in the register for this street.

Guideline values in Peravallur

In Peravallur village, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which matches the guideline value of Devagiyammal Street (Vetri Nagar).

• Devagiammal Street (Bashyam Reddy Colony): Rs 2,700 per sq.ft (2024)
• Devagiammal Cross Street (Bashyam Reddy Colony): Rs 2,700 per sq.ft (2024)
• Dakshinamurthy Street: Rs 2,700 per sq.ft (2024)
• Dakshinamurthy Cross Street: Rs 2,700 per sq.ft (2024)
• Chinnaswamy Raja Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Koil 2nd Street (Bashyam Reddy Colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Devagiyammal Street (Vetri Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would amount to Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, making the total cost for stamp duty and registration Rs 2,97,090. 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 information.

Which Sub Registrar Office covers Devagiyammal Street (Vetri Nagar)?

The Sub Registrar Office that covers Devagiyammal Street (Vetri Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Peravallur. It serves as a benchmark for determining the minimum price at which a property can be registered. When a buyer and seller agree on a sale price, the registration process will consider the higher of the guideline value or the sale price for calculating duties and fees.

Additionally, the guideline value helps ensure transparency in property transactions, preventing undervaluation. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Devagiyammal Street (Vetri Nagar)?

The current guideline value of Devagiyammal Street (Vetri Nagar) is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 360 per sq.ft in 2002 to Rs 3,301 per sq.ft in 2024, showing an overall increase of 817% over the years.

What are the other streets in Peravallur with their guideline values?

Other streets in Peravallur include Devagiammal Street (Bashyam Reddy Colony), Dakshinamurthy Street, and others, all currently valued at Rs 2,700 per sq.ft in 2024.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Devagiyammal Street (Vetri Nagar)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,301 per sq.ft incurs a stamp duty of Rs 2,31,070.