Guideline Value for Devi Karumariyamman Nagar

Devi Karumariyamman Nagar guideline value

The current guideline value of Devi Karumariyamman Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Devi Karumariyamman Nagar has changed

The guideline value for Devi Karumariyamman Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 126 per sq.ft. This value saw a significant increase to Rs 1,206 per sq.ft in 2017, marking a change of 857%. In 2023, the value further rose to Rs 1,800 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,471%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, indicating that the guideline value for Devi Karumariyamman Nagar is below this median.

• Dhanalakshmi Enclave: Rs 4,290 per sq.ft (2024)
• Crystal Garden Phase I: Rs 1,760 per sq.ft (2024)
• Drowpathi Amman Koil Street: Rs 1,760 per sq.ft (2024)
• Earikari Street: Rs 1,760 per sq.ft (2024)
• Chettiyar Agaram Salai: Rs 2,090 per sq.ft (2024)
• Chellammal Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Karumariyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. The total cost for these fees would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Karumariyamman Nagar?

The Sub Registrar Office that covers Devi Karumariyamman 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 Noombal

The guideline value is a crucial factor in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Devi Karumariyamman Nagar?

The current guideline value of Devi Karumariyamman Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 126 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1,471% over this period.

What is the land classification for Devi Karumariyamman Nagar?

Devi Karumariyamman Nagar is classified as Residential Special Type - II under the guideline value register.

What is the registration office for Devi Karumariyamman Nagar?

The registration office for Devi Karumariyamman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Devi Karumariyamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%.