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 650 per sq.ft, effective from 1 July 2024. This street is located in Moonramkattalai village and falls under the Kunrathur SRO. The land classification for this area is 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 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and most recently, it has risen to Rs 650 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 650 to Rs 2,750 per sq.ft, with the median being Rs 650 per sq.ft. Sri Devi Karumari Amman Nagar's 2024 figure is equal to this median.

• Sri Devi Nagar: Rs 650 per sq.ft (2024)
• Sivasakthi Nagar: Rs 650 per sq.ft (2024)
• Sivan Koil Street: Rs 650 per sq.ft (2024)
• Sri Saravana Nagar: Rs 650 per sq.ft (2024)
• Sri Saravana Nagar IIIrd Street: Rs 650 per sq.ft (2024)
• Sri Saravana Nagar Iind Street: Rs 650 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 rate of Rs 650 per sq.ft, the guideline value would be Rs 6,50,000. The stamp duty at 7% would amount to Rs 45,500, and the registration fee at 2% would be Rs 13,000, making the total Rs 58,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Devi Karumari Amman Nagar?

The Sub Registrar Office that covers Sri Devi Karumari Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Moonramkattalai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration authority will use it to calculate applicable fees and duties.

When a property is sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

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 650 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 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 650 per sq.ft in 2024.

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

The land classification for Sri Devi Karumari Amman Nagar is Residential Class I Type - I.

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

The Sub Registrar Office for Sri Devi Karumari Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sri Devi Karumari Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,50,000, the stamp duty would be Rs 45,500 at a rate of 7%.