Guideline Value for Devi Karumariyamman Nagar

Devi Karumariyamman Nagar guideline value

The current guideline value of Devi Karumariyamman Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Devi Karumariyamman Nagar has changed

The guideline value for Devi Karumariyamman Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, in the 2017 revision, it dropped to Rs 804 per sq.ft. The most recent revision in 2023 has brought the guideline value back up to Rs 1,200 per sq.ft.

In terms of percentage changes, from 2007 to 2012, there was an increase of 118%. The value then decreased by 33% from 2012 to 2017. The most notable change is the increase of 49% from 2017 to 2023. Overall, from 2007 to 2023, the guideline value has increased by 118%.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Devi Karumariyamman Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Devi Karumariyamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Karumariyamman Nagar?

The Gooduvancheri Sub Registrar Office covers Devi Karumariyamman Nagar. The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Vandalur. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with the legal requirements during the registration process. It reflects the official valuation set by the Registration Department, which is updated periodically.

Frequently asked questions

What is the current guideline value of Devi Karumariyamman Nagar?

The current guideline value of Devi Karumariyamman Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

What is the stamp duty for property in Devi Karumariyamman Nagar?

The stamp duty for property in Devi Karumariyamman Nagar is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is updated periodically. It reflects the official valuation for properties in specific areas, which is used for calculating stamp duty and registration fees during property transactions.