Guideline Value for SRI DEVI KARUMARI AMMAN NAGAR

Sri Devi Karumari Amman Nagar guideline value

The current guideline value of Sri Devi Karumari Amman Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Bunrutti A village, under the Walajabad Sub Registrar Office (SRO) jurisdiction. The land classification for this street is Residential Class II Type - III.

How the guideline value of Sri Devi Karumari Amman Nagar has changed

The guideline value for Sri Devi Karumari Amman Nagar has seen several revisions over the years. The 2024 revision sets the value at Rs 450 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 301 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 50%, and there has been no change from 2023 to 2024. Overall, from 2017 to 2024, the increase stands at 50%.

Guideline values in Bunrutti A

In Bunrutti A village, there are 10 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,200 per sq.ft. The median value among these streets is Rs 425 per sq.ft, positioning Sri Devi Karumari Amman Nagar's 2024 figure above that median.

• Sri Chakra Gardens Farm Land: Rs 500 per sq.ft (2024)
• Sri Ponni Farm Garden: Rs 500 per sq.ft (2024)
• Siddarth Avenue: Rs 400 per sq.ft (2024)
• Unnamed Layout S.No:645/2a,2b,2c,2a1: Rs 400 per sq.ft (2024)
• Un Named Layout Survey No:446/1,7,10: Rs 400 per sq.ft (2024)
• Veerachozhapuram: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Karumari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, making the total charges Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Karumari Amman Nagar?

The Sri Devi Karumari Amman Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Bunrutti A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Devi Karumari Amman Nagar?

The current guideline value of Sri Devi Karumari Amman Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Devi Karumari Amman Nagar has remained at Rs 450 per sq.ft from 2023 to 2024, with a significant increase of 50% from Rs 301 per sq.ft in 2017 to 2023.

What is the land classification for Sri Devi Karumari Amman Nagar?

The land classification for Sri Devi Karumari Amman Nagar is Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office covering Sri Devi Karumari Amman Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,50,000, the stamp duty would be calculated at 7% of this amount.