Guideline Value for SRI DEVI NAGAR (KALLIKUPPAM)

Sri Devi Nagar (Kallikuppam) guideline value

The current guideline value of Sri Devi Nagar (Kallikuppam) is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Korattur village, under the jurisdiction of the Villivakkam SRO. The land classification for this street is Residential Class III Type - III.

How the guideline value of Sri Devi Nagar (Kallikuppam) has changed

The guideline value for Sri Devi Nagar (Kallikuppam) has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has set it at Rs 1,600 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 7% increase. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value for Sri Devi Nagar (Kallikuppam) is below this median.

• Sri Devi Karumariamman Nagar (Near To T.V.S.Nagar): Rs 3,300 per sq.ft (2024)
• Sri Dharmasastha Nagar: Rs 2,500 per sq.ft (2024)
• Sri City: Rs 2,700 per sq.ft (2024)
• Sri Ganesh Nagar (Kallikuppam): Rs 2,100 per sq.ft (2024)
• Sri Balaji Nagar West Pillaiyar Koil Street: Rs 2,100 per sq.ft (2024)
• SRI BALAJI NAGAR WEST (KALLIKUPPAM) 6th CROSS STREET: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Nagar (Kallikuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these charges Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Devi Nagar (Kallikuppam)?

The Sub Registrar Office that covers Sri Devi Nagar (Kallikuppam) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable charges. This ensures that the registration fees reflect the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar (Kallikuppam)?

The current guideline value of Sri Devi Nagar (Kallikuppam) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Sri Devi Nagar (Kallikuppam)?

Sri Devi Nagar (Kallikuppam) is classified as Residential Class III Type - III.

Where can I find the registration office for Sri Devi Nagar (Kallikuppam)?

The registration office for Sri Devi Nagar (Kallikuppam) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions in Sri Devi Nagar (Kallikuppam)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at 7%, plus a registration fee of Rs 32,000 at 2%, totaling Rs 1,44,000.