Guideline Value for Sri Devi Nagar 10th Street

Sri Devi Nagar 10th Street guideline value

The current guideline value for Sri Devi Nagar 10th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Devi Nagar 10th Street has changed

The guideline value for Sri Devi Nagar 10th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The most recent revision in 2024 saw a further increase of 7%, setting the current value at Rs 1,600 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Sri Devi Nagar 10th Street is below this median.

• Sri Devi Nagar 11th Street: Rs 1,600 per sq.ft (2024)
• Sri Devi Nagar 12th Street: Rs 1,600 per sq.ft (2024)
• Sri Devi Nagar: Rs 1,600 per sq.ft (2024)
• Sri Devi Nagar 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Sri Devi Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Sri Devi Nagar 2nd Cross Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Nagar 10th Street

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, bringing the total fees to 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 more detailed calculations.

Which Sub Registrar Office covers Sri Devi Nagar 10th Street?

The Sub Registrar Office that covers Sri Devi Nagar 10th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it can significantly impact the overall costs associated with the purchase or sale. Understanding these values ensures that buyers and sellers are well-informed during the registration process.

Frequently asked questions

What is the current guideline value for Sri Devi Nagar 10th Street?

The current guideline value for Sri Devi Nagar 10th Street 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 back 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 10th Street?

Sri Devi Nagar 10th Street falls under the Residential Class II Type - I land classification.

How does the guideline value compare to other streets in Madambakkam?

The guideline value for Sri Devi Nagar 10th Street at Rs 1,600 per sq.ft is below the median value of Rs 2,400 per sq.ft for other streets in Madambakkam.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.