Guideline Value for Sri Devi Karumariamman Nagar

Sri Devi Karumariamman Nagar guideline value

The current guideline value of Sri Devi Karumariamman Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III 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. Starting from Rs 91 per sq.ft in 2002, it increased to Rs 110 per sq.ft in 2003, marking a 21% rise. By 2007, the value jumped to Rs 200 per sq.ft, an increase of 82%. The 2012 revision saw a significant increase to Rs 1,400 per sq.ft, a remarkable 600% rise from the previous figure.

In the latest revision for 2024, the guideline value has further increased to Rs 1,500 per sq.ft, reflecting a 7% increase from the 2012 figure. It is important to note that there are no figures available for the years 2017 and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, indicating that the 2024 figure for Sri Devi Karumariamman Nagar is below this median.

• Sri Devi Nagar (S.No.194): Rs 1,400 per sq.ft (2024)
• Sri Devi Vaishnavi Nagar (A Street): Rs 2,700 per sq.ft (2024)
• Sri Devi Vaishnavi Nagar (B Street): Rs 2,700 per sq.ft (2024)
• Sri Devi Vaishnavi Nagar (C Street): Rs 2,700 per sq.ft (2024)
• Sri Balaji Nagar (S.No. 77, 82, 83): Rs 880 per sq.ft (2024)
• Sri Devi Vaishnavi Nagar (D Street): Rs 2,700 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 rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Karumariamman Nagar?

The Sub Registrar Office that covers Sri Devi Karumariamman Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the prevailing market conditions.

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 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 91 per sq.ft to Rs 1,500 per sq.ft in 2024, marking an overall increase of 1548%.

What is the land classification for Sri Devi Karumariamman Nagar?

Sri Devi Karumariamman Nagar is classified as Residential Class III Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Sri Devi Karumariamman Nagar is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Sri Devi Karumariamman Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.