Guideline Value for Devakiammal Nagar

Devakiammal Nagar guideline value

The current guideline value of Devakiammal Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Devakiammal Nagar has changed

Over the years, the guideline value of Devakiammal Nagar has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

To summarize the revisions: the 2024 and 2023 revisions both stand at Rs 700 per sq.ft, while the 2017 revision was Rs 469 per sq.ft. The absence of figures for earlier years indicates that there was no recorded guideline value for Devakiammal Nagar during those periods.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the 2024 figure for Devakiammal Nagar.

• Deva Nagar: Rs 700 per sq.ft (2024)
• Devendra Nagar: Rs 700 per sq.ft (2024)
• C.V Raman Nagar: Rs 700 per sq.ft (2024)
• C.P.J. Nagar: Rs 700 per sq.ft (2024)
• Dhanthondry Amman koil Street: Rs 1,000 per sq.ft (2024)
• D.K. Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Devakiammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devakiammal Nagar?

The Sub Registrar Office that covers Devakiammal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Sriperumbudur A. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. The guideline value helps ensure that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Devakiammal Nagar?

The current guideline value for Devakiammal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Devakiammal Nagar has remained at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Devakiammal Nagar?

Devakiammal Nagar is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

Where can I find the Sub Registrar Office for Devakiammal Nagar?

The Sub Registrar Office for Devakiammal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Devakiammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, leading to a stamp duty of Rs 49,000.