Guideline Value for Devi Eswari Nagar

Devi Eswari Nagar guideline value

The current guideline value of Devi Eswari Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Devi Eswari Nagar has changed

The guideline value of Devi Eswari Nagar has seen several revisions over the years. In 2002, the value was Rs 249 per sq.ft, which increased to Rs 300 per sq.ft in 2003, marking a 20% rise. The value continued to rise significantly, reaching Rs 400 per sq.ft in 2007, which was a 33% increase from the previous revision. By 2012, the value was Rs 1,800 per sq.ft, reflecting a substantial 350% increase from 2007. However, it dropped to Rs 1,206 per sq.ft in 2017, a decrease of 33%.

In 2023, the guideline value rose to Rs 1,800 per sq.ft, and then further increased to Rs 1,900 per sq.ft in 2024, showing a 6% increase. Overall, from 2002 to 2024, the guideline value has increased by 663%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Devi Eswari Nagar's 2024 figure is below this median.

• Devi Eswari Nagar Extention: Rs 1,800 per sq.ft (2024)
• Dhanalakshmi Colony: Rs 2,400 per sq.ft (2024)
• Dharmasastha Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)
• Doctor Annebesant Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)
• Colapuram Ibrahim street Extn: Rs 2,400 per sq.ft (2024)
• Cholapuram Vaigai Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Eswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. 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 details.

Which Sub Registrar Office covers Devi Eswari Nagar?

The Sub Registrar Office that covers Devi Eswari Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable duties.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is officially recorded and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Devi Eswari Nagar?

The current guideline value of Devi Eswari Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 249 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 663% over the years.

What is the land classification for Devi Eswari Nagar?

The land classification for Devi Eswari Nagar is Residential Class II Type - I.

What are the other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal include Devi Eswari Nagar Extention, Dhanalakshmi Colony, Dharmasastha Street (Sri nagar Colony), Doctor Annebesant Street (Sri nagar Colony), Colapuram Ibrahim street Extn, and Cholapuram Vaigai Street, with varying guideline values.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.