Guideline Value for SRI DEVI KARUMARIAMMAN NAGAR

Sri Devi Karumariamman Nagar guideline value

The current guideline value of Sri Devi Karumariamman Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This locality is situated in Sengundram - 1 village, under the Chengleput Joint II SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Sri Devi Karumariamman Nagar has changed

The guideline value for Sri Devi Karumariamman Nagar has seen several revisions over the years. The 2023 revision set the value at Rs 700 per sq.ft, while the latest 2024 revision increased it to Rs 770 per sq.ft, marking a 10% increase. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2024 revision reflects a notable increase from the 2023 figure. The guideline value has transitioned from Rs 700 to Rs 770 per sq.ft, indicating a shift in valuation for this area.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Sri Devi Karumariamman Nagar is below this median.

• Sri Dharmanathar Avenue (Chen): Rs 1,100 per sq.ft (2024)
• Sri Baba Nagar: Rs 3,285 per sq.ft (2024)
• Srialamelu Mangapuram Colony (Chen): Rs 1,100 per sq.ft (2024)
• Sre Nagar Part - I (Chen): Rs 1,100 per sq.ft (2024)
• Sree Nagar Part -III: Rs 1,100 per sq.ft (2024)
• Sree Nagar Part -II: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total charges Rs 69,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Karumariamman Nagar?

The Sub Registrar Office that covers Sri Devi Karumariamman Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role in the property registration process in Sengundram - 1. It serves as the benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold.

When a transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Sri Devi Karumariamman Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Devi Karumariamman Nagar has changed from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sri Devi Karumariamman Nagar?

Sri Devi Karumariamman Nagar is classified as Residential Class I Type - II. This classification affects the guideline value and the types of properties permitted in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 770 per sq.ft would incur a stamp duty of Rs 53,900.

Where can I find the Sub Registrar Office for this locality?

The Chengleput Joint II Sub Registrar Office covers Sri Devi Karumariamman Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.