Guideline Value for Sri Devi Nagar

Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

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 register does not have figures for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 500 per sq.ft, which has now decreased to Rs 200 per sq.ft in the 2024 revision, marking a significant reduction of 60%.

As of the 2024 revision, the guideline value for Sri Devi Nagar stands at Rs 200 per sq.ft. This is a notable change from the previous year, reflecting a downward adjustment in the property values for this area.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, indicating that the guideline value for Sri Devi Nagar is below this median.

• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Sri Kamacthi Nagar: Rs 250 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 200 per sq.ft (2024)
• Sri Karpaga Vinayaga Nagar Part-1: Rs 1,000 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 300 per sq.ft (2024)
• Sowbagiya Co-operative Nagar: Rs 300 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Nagar?

The Sub Registrar Office that covers Sri Devi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial implications of the transaction. It is essential to consult the latest guideline values to understand the costs involved accurately.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value for Sri Devi Nagar decreased from Rs 500 per sq.ft in 2023 to Rs 200 per sq.ft in 2024, representing a reduction of 60%.

What is the land classification of Sri Devi Nagar?

Sri Devi Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Sri Devi Nagar?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark that ensures both buyers and sellers are informed about the financial aspects of the transaction.