Guideline Value for Devi Karumari Amman Nagar

Devi Karumari Amman Nagar guideline value

The current guideline value of Devi Karumari Amman Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO and is classified as Residential Class II Type - I.

How the guideline value of Devi Karumari Amman Nagar has changed

The guideline value for Devi Karumari Amman Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 2,100 per sq.ft in 2012, marking a rise of 950%. However, the value then decreased to Rs 1,407 per sq.ft in 2017, a decline of 33%. The subsequent revisions saw an increase to Rs 2,100 per sq.ft in 2023, followed by a further increase to Rs 2,310 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 1055%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is the same as the current value for Devi Karumari Amman Nagar.

• Devika Nagar: Rs 1,990 per sq.ft (2024)
• Devarajan Street: Rs 1,650 per sq.ft (2024)
• Desamuthiyamman Koil Street: Rs 1,650 per sq.ft (2024)
• David Nagar: Rs 3,960 per sq.ft (2024)
• Dinakar Street: Rs 2,310 per sq.ft (2024)
• Corner Street Extn: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Karumari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Devi Karumari Amman Nagar?

The Sub Registrar Office that covers Devi Karumari Amman Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perungalathur. It serves as a benchmark for determining the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for Devi Karumari Amman Nagar?

The current guideline value for Devi Karumari Amman Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 200 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting an overall increase of 1055% over the years.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, which is the same as the current value for Devi Karumari Amman Nagar.

What are the stamp duty rates for property in Devi Karumari Amman Nagar?

The stamp duty for property in Devi Karumari Amman Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Devi Karumari Amman Nagar?

The Sub Registrar Office for Devi Karumari Amman Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.