Guideline Value for SRI DEVI AMMAN STREET

Sri Devi Amman Street guideline value

The current guideline value of Sri Devi Amman Street in Nemilicherry village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Sri Devi Amman Street has changed

The guideline value for Sri Devi Amman Street has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023, and finally, it has risen to Rs 2,200 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 36% from 2017 to 2023, and by 10% from 2023 to 2024. The overall change from 2012 to 2024 shows no net change, remaining at Rs 2,200 per sq.ft.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, placing Sri Devi Amman Street's 2024 figure above this median.

• South Streets: Rs 2,160 per sq.ft (2024)
• Somu Nagar: Rs 2,160 per sq.ft (2024)
• Somasundaram Street: Rs 2,160 per sq.ft (2024)
• Srinagar Colony: Rs 2,160 per sq.ft (2024)
• Srinivasa Street: Rs 2,200 per sq.ft (2024)
• Sindhu Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Devi Amman Street?

The Sub Registrar Office that covers Sri Devi Amman Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical factor when registering property transactions in Nemilicherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the government. This helps in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Devi Amman Street?

The current guideline value of Sri Devi Amman Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally back to Rs 2,200 per sq.ft in 2024.

What is the median guideline value for streets in Nemilicherry?

The median guideline value for streets in Nemilicherry is Rs 2,160 per sq.ft, with Sri Devi Amman Street's 2024 figure above this median.

What are the stamp duty and registration fees for properties in Sri Devi Amman Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Sri Devi Amman Street?

The Sub Registrar Office for Sri Devi Amman Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.