Guideline Value for SRI DEVI NAGAR EXTN

Sri Devi Nagar Extn guideline value

The current guideline value of Sri Devi Nagar Extn is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Devi Nagar Extn has changed

The guideline value for Sri Devi Nagar Extn has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 330 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating a significant rise in the guideline value over this period.

Guideline values in Athipattu

Athipattu village features a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is the same as the current value for Sri Devi Nagar Extn.

• Sri Devi Nagar: Rs 330 per sq.ft (2024)
• Sri Krishna Nagar: Rs 330 per sq.ft (2024)
• Sri Manikandan Avenue: Rs 330 per sq.ft (2024)
• S.P.N Nagar: Rs 330 per sq.ft (2024)
• Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Sri Rajalakshmi Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, calculated at 7%, would be Rs 23,100, while the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Devi Nagar Extn?

The Sri Devi Nagar Extn area falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is bought or sold, the guideline value is compared against the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, which are mandatory for legal property transactions.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar Extn?

The current guideline value of Sri Devi Nagar Extn is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in Sri Devi Nagar Extn?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles property registration for Sri Devi Nagar Extn?

The Thiruvottiyur Sub Registrar Office handles property registrations for Sri Devi Nagar Extn, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Sri Devi Nagar Extn?

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