Guideline Value for Devakiammal Street

Devakiammal Street guideline value

The current guideline value of Devakiammal Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village, under the AnnaNagar SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Devakiammal Street has changed

The guideline value for Devakiammal Street has undergone several revisions over the years. In 2002, the value was Rs 662 per sq.ft, which saw a significant increase of 494% to Rs 3,929 per sq.ft in 2007. This was followed by another increase to Rs 6,000 per sq.ft in 2012, marking a 53% rise from the previous revision. However, the value then dropped by 33% to Rs 4,020 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49% to Rs 6,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that there is no figure available for the year 2003 in the register for this street.

Guideline values in Aminjikarai

In Aminjikarai village, there are 99 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Devakiammal Street's 2024 figure above this median.

• Chengalvarayan Street: Rs 4,400 per sq.ft (2024)
• Chellammal Street: Rs 5,500 per sq.ft (2024)
• East Arasamaram Street: Rs 4,400 per sq.ft (2024)
• East Club Road: Rs 14,300 per sq.ft (2024)
• Cemetry Road: Rs 4,400 per sq.ft (2024)
• East Mada Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Devakiammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devakiammal Street?

The Sub Registrar Office that covers Devakiammal Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Aminjikarai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is considered to ensure compliance with legal requirements. Buyers and sellers should be aware of the current guideline value to accurately assess the costs associated with the transaction, including taxes and fees that are based on this value.

Frequently asked questions

What is the current guideline value of Devakiammal Street?

The current guideline value of Devakiammal Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 662 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 897% over the years.

What is the median guideline value for streets in Aminjikarai?

The median guideline value for streets in Aminjikarai is Rs 4,400 per sq.ft, with Devakiammal Street's 2024 figure being above this median.

What are the registration fees for property in Devakiammal Street?

The registration fee for property in Devakiammal Street is calculated based on the guideline value. For a property valued at Rs 66,00,000, the registration fee would be Rs 1,32,000 at 2%.

Where is the Sub Registrar Office located for Devakiammal Street?

The Sub Registrar Office for Devakiammal Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.