Guideline Value for Devi Karumariamman Nagar 4 th Street

Devi Karumariamman Nagar 4 th Street guideline value

The current guideline value for Devi Karumariamman Nagar 4 th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Devi Karumariamman Nagar 4 th Street has changed

The guideline value for Devi Karumariamman Nagar 4 th Street has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, this value decreased to Rs 804 per sq.ft in the 2017 revision. The subsequent 2023 revision raised the value to Rs 1,200 per sq.ft, and the current 2024 revision has further increased it to Rs 1,300 per sq.ft.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a significant increase of 100%. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Devi Karumariamman Nagar 4 th Street's current value below that median.

• Devi Karumariamman Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 2nd Main Road: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Karumariamman Nagar 4 th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total charges Rs 1,17,000. It's 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 detailed calculations.

Which Sub Registrar Office covers Devi Karumariamman Nagar 4 th Street?

The Sub Registrar Office that covers Devi Karumariamman Nagar 4 th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is established by the government and is subject to periodic revisions based on market conditions.

When registering a property, buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Devi Karumariamman Nagar 4 th Street?

The current guideline value of Devi Karumariamman Nagar 4 th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office should I visit for transactions in Devi Karumariamman Nagar 4 th Street?

The Royapuram Sub Registrar Office is responsible for transactions in Devi Karumariamman Nagar 4 th Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Devi Karumariamman Nagar 4 th Street?

Devi Karumariamman Nagar 4 th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.