Guideline Value for Devi Karumariamman Nagar 6th Street

Devi Karumariamman Nagar 6th Street guideline value

The current guideline value of Devi Karumariamman Nagar 6th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Devi Karumariamman Nagar 6th Street has changed

The guideline value for Devi Karumariamman Nagar 6th Street has seen several revisions over the years. The 2024 revision sets the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking an 8% rise. In the preceding revisions, the value was Rs 804 per sq.ft in 2017, showing a significant increase of 49% from the previous value of Rs 1,200 per sq.ft in 2012. The 2012 revision had decreased from Rs 600 per sq.ft in 2007, which represented a 100% increase from the earlier figure.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

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, making the current value of Devi Karumariamman Nagar 6th Street below the median.

• Devi Karumariamman Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 3rd 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 6th 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, bringing the total to Rs 1,17,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devi Karumariamman Nagar 6th Street?

The Sub Registrar Office that covers Devi Karumariamman Nagar 6th 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 in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is considered to ensure that the appropriate duties are levied based on the value of the property, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Devi Karumariamman Nagar 6th Street?

The current guideline value of Devi Karumariamman Nagar 6th 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 from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 117%. Notably, there was an 8% increase from 2023 to 2024.

Which Sub Registrar Office covers this area?

The Royapuram Sub Registrar Office covers Devi Karumariamman Nagar 6th Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the stamp duty and registration fees for property transactions?

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. These fees are based on the higher of the guideline value or the sale price.

What is the land classification for Devi Karumariamman Nagar 6th Street?

Devi Karumariamman Nagar 6th Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.