Guideline Value for Devi Karumariamman Nagar

Devi Karumariamman Nagar guideline value

The current guideline value for Devi Karumariamman Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Devi Karumariamman Nagar has changed

The guideline value for Devi Karumariamman Nagar has remained stable at Rs 250 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, in the 2017 revision, the value was Rs 167 per sq.ft, indicating a 50% increase from 2017 to 2023.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 50%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current value of Devi Karumariamman Nagar.

• Chowndhira Panidan Nagar: Rs 300 per sq.ft (2024)
• Chennai Bangaluru main road: Rs 600 per sq.ft (2024)
• Chellaperumal Nagar: Rs 300 per sq.ft (2024)
• Ganapathy Nagar Colny: Rs 400 per sq.ft (2024)
• Ganapathy Nagar Part IV: Rs 400 per sq.ft (2024)
• Bharathiyar Street: Rs 150 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. It is important 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?

The Sub Registrar Office that covers Devi Karumariamman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Nemili_B. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a reference point, ensuring that the transaction is recorded at a value that reflects the area's market conditions. This ensures transparency and helps in maintaining the integrity of 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 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Devi Karumariamman Nagar has remained at Rs 250 per sq.ft since the 2023 revision. It was Rs 167 per sq.ft in 2017, marking a 50% increase over the years.

What is the land classification of Devi Karumariamman Nagar?

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

What is the registration office for Devi Karumariamman Nagar?

The registration office for Devi Karumariamman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Devi Karumariamman Nagar?

Stamp duty in Devi Karumariamman Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 17,500.