Guideline Value for SRI DEVI NAGAR

Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Devi Nagar has changed

In the 2017 revision, the guideline value for Sri Devi Nagar was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

The overall change from the 2017 revision to the 2024 revision is a significant increase of 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is the same as the current value for Sri Devi Nagar.

• Sri Devi Nagar Extn: Rs 330 per sq.ft (2024)
• Sri Krishna Nagar: Rs 330 per sq.ft (2024)
• S.P.N Nagar: Rs 330 per sq.ft (2024)
• Sri Manikandan Avenue: Rs 330 per sq.ft (2024)
• Srinivasa Nagar: Rs 330 per sq.ft (2024)
• Sri Rajalakshmi Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. 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 details.

Which Sub Registrar Office covers Sri Devi Nagar?

The Sub Registrar Office that covers Sri Devi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Athipattu, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all transactions.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value serves as a benchmark for property transactions within the locality.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Sri Devi Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Sri Devi Nagar?

The Thiruvottiyur Sub Registrar Office covers Sri Devi Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined?

The guideline value is determined based on various factors, including land classification and revisions made by the Registration Department. In Athipattu, the guideline value is set to reflect the current market conditions and is revised periodically.