Guideline Value for Sri Devi Nagar

Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar, located in Mannoor village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Devi Nagar has changed

The guideline value for Sri Devi Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 80 per sq.ft, which increased significantly to Rs 250 per sq.ft in the 2012 revision. However, this value saw a decrease of 33% to Rs 167 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 250 per sq.ft, and the current 2024 revision also keeps it at Rs 250 per sq.ft, indicating no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 213%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the guideline value of Sri Devi Nagar.

• Sri Astalaxmi Nagar: Rs 300 per sq.ft (2024)
• Siva Vishnu Nagar: Rs 500 per sq.ft (2024)
• Sithi Vinayagar Nagar: Rs 250 per sq.ft (2024)
• Showbagya co-op Nagar: Rs 600 per sq.ft (2024)
• Sanjeevi Nagar: Rs 200 per sq.ft (2024)
• Tharani Grand: Rs 500 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Nagar?

Sri Devi Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Mannoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen multiple revisions, with the most significant change occurring from Rs 80 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, and it has remained at Rs 250 per sq.ft since 2017.

What is the median guideline value in Mannoor?

The median guideline value in Mannoor is Rs 250 per sq.ft, which is the same as the guideline value for Sri Devi Nagar.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles property registrations in Sri Devi Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Sri Devi Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.