Guideline Value for Devi Karumariamman Street

Devi Karumariamman Street guideline value

The current guideline value of Devi Karumariamman Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village, under the Ambattur SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Devi Karumariamman Street has changed

The guideline value for Devi Karumariamman Street has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and has now risen slightly to Rs 1,002 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 113%. Overall, from 2012 to 2024, the guideline value has risen by 43%.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value in this area is Rs 1,003 per sq.ft, making Devi Karumariamman Street's 2024 figure slightly below that median.

• Devi Street: Rs 1,000 per sq.ft (2024)
• Devar Street (Gnanamoorthy Nagar): Rs 1,700 per sq.ft (2024)
• Devar Street (Arumuganagar): Rs 1,700 per sq.ft (2024)
• Devan Street: Rs 1,700 per sq.ft (2024)
• Devagi Street: Rs 1,000 per sq.ft (2024)
• DABC Layout: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Karumariamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total cost to Rs 90,180. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devi Karumariamman Street?

The Sub Registrar Office that covers Devi Karumariamman Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Menambedu. It is used to 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 is considered to ensure that the transaction reflects a fair value for taxation purposes. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Devi Karumariamman Street?

The current guideline value of Devi Karumariamman Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,002 per sq.ft in 2024.

What is the land classification for Devi Karumariamman Street?

The land classification for Devi Karumariamman Street is Residential Class V Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Devi Karumariamman Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.