Guideline Value for Devi Karumari Nagar

Devi Karumari Nagar guideline value

The current guideline value of Devi Karumari Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Eraiyur village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Devi Karumari Nagar has changed

The guideline value for Devi Karumari Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value decreased to Rs 67 per sq.ft, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 100 per sq.ft, which remained unchanged in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 100%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. Devi Karumari Nagar's 2024 guideline value is below this median.

• Dream Home: Rs 350 per sq.ft (2024)
• Ezhil Nagar: Rs 250 per sq.ft (2024)
• Ezhil Nagar Extn: Rs 200 per sq.ft (2024)
• Green Hoilday Resorts: Rs 300 per sq.ft (2024)
• Inbambigai Nagar: Rs 200 per sq.ft (2024)
• Isvariyam Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Karumari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Karumari Nagar?

The Sub Registrar Office that covers Devi Karumari Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Eraiyur. 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.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and transparently, reflecting the true value of the property.

Frequently asked questions

What is the current guideline value of Devi Karumari Nagar?

The current guideline value of Devi Karumari Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 50 per sq.ft in 2007, increasing to Rs 100 in 2012, dropping to Rs 67 in 2017, and then returning to Rs 100 in 2023 and 2024.

What is the median guideline value in Eraiyur?

The median guideline value in Eraiyur is Rs 200 per sq.ft for the year 2024, with Devi Karumari Nagar's value being below this median.

How is stamp duty calculated for properties in Devi Karumari Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,00,000 would incur a stamp duty of Rs 7,000.

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

The Sub Registrar Office for Devi Karumari Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information on how to locate your SRO.