Guideline Value for Sri Devi Nagar

Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Vallam_B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Sri Devi Nagar has changed

In the 2017 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still Rs 150 per sq.ft, marking a 50% increase from 2017 to 2023. The 2024 revision also retained the value at Rs 150 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Sri Devi Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Devi Nagar's 2024 figure of Rs 150 per sq.ft is below this median.

• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Arabindo Nagar (Vasantham Nature City): Rs 200 per sq.ft (2024)
• Sowndari garden: Rs 600 per sq.ft (2024)
• Sornambiga Nagar: Rs 400 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)
• Sri Ram Nagar: Rs 150 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 rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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 Vallam_B

The guideline value is an essential reference point when buying or selling property in Vallam_B. It is used to determine the stamp duty and registration fees payable at the time of registration.

When a property is registered, the guideline value or the sale price, whichever is higher, is considered for calculating the applicable duties and fees. Thus, understanding the guideline value is crucial for all transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, with a 50% increase from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Sri Devi Nagar?

Sri Devi Nagar is classified as Residential Class IV Type - I, indicating its designation for residential purposes under the local regulations.

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 stamp duty calculated for properties in Vallam_B?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,50,000, the stamp duty at 7% would be Rs 10,500, along with a registration fee of Rs 3,000.