Guideline Value for Devi Granites

Devi Granites guideline value

The current guideline value of Devi Granites is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Pulikoradu village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Devi Granites has changed

The guideline value for Devi Granites has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value saw a substantial rise to Rs 800 per sq.ft in 2023, before reaching the current rate of Rs 880 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 193%.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is equal to the guideline value for Devi Granites.

• David Nagar: Rs 1,650 per sq.ft (2024)
• East Street: Rs 880 per sq.ft (2024)
• Erikkarai Street: Rs 880 per sq.ft (2024)
• Burma colony 3rd nagar: Rs 880 per sq.ft (2024)
• Burma colony 2nd nagar: Rs 880 per sq.ft (2024)
• Burma colony 1st nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Granites

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Devi Granites?

The Sub Registrar Office that covers Devi Granites is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Pulikoradu

The guideline value serves as a benchmark for property transactions in Pulikoradu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registers.

It is essential for buyers and sellers to be aware of the guideline value, as it reflects the official valuation of the property and influences the costs associated with registration. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value of Devi Granites?

The current guideline value of Devi Granites is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000, with a stamp duty of Rs 61,600 and a registration fee of Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Devi Granites?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Devi Granites, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for the official valuation of the property in Pulikoradu.