Guideline Value for Devi Karumariamman Nagar

Devi Karumariamman Nagar guideline value

The current guideline value of Devi Karumariamman Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village under the Sriperumpudur Sub Registrar Office (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 undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 60 per sq.ft. This increased to Rs 300 per sq.ft in 2012, marking a significant rise of 400%. However, the value then decreased to Rs 201 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value rose by 49% to Rs 300 per sq.ft, which remained unchanged in the 2024 revision.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%, reaching the current rate of Rs 300 per sq.ft.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value is Rs 300 per sq.ft, which is the same as the guideline value for Devi Karumariamman Nagar.

• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Dharma Varadhamani Nagar: Rs 200 per sq.ft (2024)
• Chiyan Nagar: Rs 200 per sq.ft (2024)
• Chinna Valarpuram Mainroad: Rs 400 per sq.ft (2024)
• Chettiyar Street: Rs 200 per sq.ft (2024)
• Budhar Street: Rs 200 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 rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Karumariamman Nagar?

The Sub Registrar Office covering 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 Valarpuram

The guideline value plays an essential role during the registration of property transactions in Valarpuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market rates.

When buying or selling property, the guideline value helps in determining the legal documentation and compliance required for the transaction. It is crucial for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Devi Karumariamman Nagar?

The current guideline value of Devi Karumariamman Nagar is Rs 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 60 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023 and 2024.

What are the other streets in Valarpuram with their guideline values?

Other streets in Valarpuram include Dhanalakshmi Nagar at Rs 300 per sq.ft, Dharma Varadhamani Nagar at Rs 200 per sq.ft, and Chinna Valarpuram Mainroad at Rs 400 per sq.ft, among others.

What are the registration fees for property transactions in Devi Karumariamman Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Devi Karumariamman Nagar located?

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