Guideline Value for Councilor Devarajanar Street

Councilor Devarajanar Street guideline value

The current guideline value of Councilor Devarajanar Street is Rs 4,125 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village under the Chengleput Joint I SRO, classified as Residential Special Type - III.

How the guideline value of Councilor Devarajanar Street has changed

The guideline value for Councilor Devarajanar Street has seen several revisions over the years. In 2007, the value was Rs 501 per sq.ft, which increased significantly to Rs 3,750 per sq.ft in 2012, marking a rise of 649%. However, from 2012 to 2017, the value dropped to Rs 2,512 per sq.ft, a decrease of 33%. The value then increased to Rs 3,750 per sq.ft in 2023, reflecting a 49% increase, and the latest revision in 2024 set the value at Rs 4,125 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for Councilor Devarajanar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 723%.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 3,025 per sq.ft, placing Councilor Devarajanar Street's 2024 figure above that median.

• Devadoss Street: Rs 4,125 per sq.ft (2024)
• Chinnamaniyakara Street: Rs 3,850 per sq.ft (2024)
• Chairman Ekambaranar Street: Rs 4,125 per sq.ft (2024)
• Chairman C.N.Mahadevan Street: Rs 4,125 per sq.ft (2024)
• Dr.Varadarajan Street: Rs 4,125 per sq.ft (2024)
• Ekambaram Avenue Phase-I: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Councilor Devarajanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value would be Rs 41,25,000. The stamp duty at 7% would amount to Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, totaling Rs 3,71,250. 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 details.

Which Sub Registrar Office covers Councilor Devarajanar Street?

The Sub Registrar Office that covers Councilor Devarajanar Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Chengalpattu Town. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a baseline for calculating the applicable fees. It is essential to refer to the latest revisions to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Councilor Devarajanar Street?

The current guideline value of Councilor Devarajanar Street is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 501 per sq.ft in 2007 to Rs 4,125 per sq.ft in 2024, reflecting an overall increase of 723% over the years.

What is the land classification for Councilor Devarajanar Street?

The land classification for Councilor Devarajanar Street is Residential Special Type - III.

Where is the Sub Registrar Office for this street located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current rate would incur a total guideline value of Rs 41,25,000.