Guideline Value for sri devi nagar

Sri Devi Nagar guideline value

The current guideline value of Sri Devi Nagar, located in Vattampakkam village under the Sunguvarchattram SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Sri Devi Nagar has changed

The guideline value for Sri Devi Nagar has remained consistent at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no change between these years. Prior to this, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002.

This means that the only available figures for Sri Devi Nagar are from the 2023 and 2024 revisions, both set at Rs 300 per sq.ft. The lack of figures from earlier revisions indicates that the guideline value for this street has not been officially recorded in the past.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sri Devi Nagar is above this median.

• Sri Avenue: Rs 448 per sq.ft (2024)
• Sri KamatchiAmman Nagar: Rs 250 per sq.ft (2024)
• Sri Lakshmi Narayanan Nagar: Rs 500 per sq.ft (2024)
• Shri Sheshadri Brindhavanam Phase I: Rs 500 per sq.ft (2024)
• Swarna Bhoomi: Rs 448 per sq.ft (2024)
• Rose Nagar: Rs 250 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 300 per sq.ft, the guideline value totals Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. 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?

The Sub Registrar Office that covers Sri Devi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential component in the registration process for property transactions in Vattampakkam. It serves as a reference for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, it is crucial to be aware of the guideline value, as it influences the overall financial obligations involved in the transaction. Understanding this value helps in planning for the expenses related to property registration.

Frequently asked questions

What is the current guideline value of Sri Devi Nagar?

The current guideline value of Sri Devi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Devi Nagar?

Sri Devi Nagar is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

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

For a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Sri Devi Nagar?

The Sunguvarchattram Sub Registrar Office covers Sri Devi Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.