Guideline Value for Devi Karumariamman Nagar

Devi Karumariamman Nagar guideline value

The current guideline value of Devi Karumariamman Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Devi Karumariamman Nagar has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 938 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which aligns with the current figure for Devi Karumariamman Nagar. Below are the guideline values for other streets in Thiruverkadu:

• Easwaran Koil Cross Street: Rs 1,540 per sq.ft (2024)
• Easwar Nagar: Rs 1,540 per sq.ft (2024)
• Car Street: Rs 1,540 per sq.ft (2024)
• Bus Stand upto Sivan Koil: Rs 1,760 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,540 per sq.ft (2024)
• Eswaran Koil to Yadhawal Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Karumariamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees to Rs 1,38,600. 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 further calculations.

Which Sub Registrar Office covers Devi Karumariamman Nagar?

The Sub Registrar Office that covers Devi Karumariamman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. 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?

The current guideline value of Devi Karumariamman Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the median guideline value in Thiruverkadu?

The median guideline value in Thiruverkadu is Rs 1,540 per sq.ft, which is the same as the current guideline value for Devi Karumariamman Nagar.

What are the stamp duty and registration fees for properties in Devi Karumariamman Nagar?

For a property valued at Rs 15,40,000, the stamp duty at 7% is Rs 1,07,800, and the registration fee at 2% is Rs 30,800, totaling Rs 1,38,600.

Which office handles property registrations for Devi Karumariamman Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Devi Karumariamman Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.