Guideline Value for SRI DEVI KARUMARI AMMAN NAGAR

Sri Devi Karumari Amman Nagar guideline value

The current guideline value for Sri Devi Karumari Amman Nagar is Rs 660 per sq.ft. This area is located in Vadakarai village, under the Redhills SRO, and is classified as Residential Class I Type - I.

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

The guideline value for Sri Devi Karumari Amman Nagar has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 600 per sq.ft. In 2017, this value decreased to Rs 402 per sq.ft, marking a drop of 33%. The 2023 revision saw an increase to Rs 600 per sq.ft, and the latest revision in 2024 has further increased it to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. There are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Vadakarai

In Vadakarai, there are 15 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Sri Devi Karumari Amman Nagar aligns with this median.

• S.S. Baba Nagar: Rs 660 per sq.ft (2024)
• S.S. Baba Nagar Annex: Rs 550 per sq.ft (2024)
• S.S. Baba Nagar Annex - I: Rs 550 per sq.ft (2024)
• School Street: Rs 660 per sq.ft (2024)
• Thiruvalluvar Street: Rs 660 per sq.ft (2024)
• V.O.C. Street: Rs 1,100 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 information.

Which Sub Registrar Office covers Sri Devi Karumari Amman Nagar?

The Sub Registrar Office that covers Sri Devi Karumari Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the associated costs.

When purchasing property in Vadakarai, it is essential to understand that the guideline value serves as a benchmark for property transactions. This value is used by the registration authorities to assess the financial aspects of the sale, ensuring that all parties are aware of their financial obligations.

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 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 402 per sq.ft in 2017 and an increase back to Rs 600 per sq.ft in 2023.

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

Sri Devi Karumari Amman Nagar is classified as Residential Class I Type - I.

Where can I find more information about stamp duty and registration fees?

For detailed information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles the registration for properties in Sri Devi Karumari Amman Nagar?

The Redhills Sub Registrar Office handles the registration for properties in Sri Devi Karumari Amman Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.