Guideline Value for DEIVALAKSHMI NAGAR

Deivalakshmi Nagar guideline value

The current guideline value of Deivalakshmi Nagar is Rs 2,950 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Deivalakshmi Nagar has changed

Over the years, the guideline value of Deivalakshmi Nagar has seen several revisions. The 2012 revision set the value at Rs 2,700 per sq.ft, which was a decrease of 33% from Rs 1,809 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 2,700 per sq.ft, and the latest revision in 2024 raised it to Rs 2,950 per sq.ft, marking a 9% increase from the previous year.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value is Rs 2,900 per sq.ft, placing Deivalakshmi Nagar's 2024 figure above this median.

• Dream Park: Rs 2,700 per sq.ft (2024)
• Dream Park Extension: Rs 3,300 per sq.ft (2024)
• Durgaiamman Koil Street: Rs 2,950 per sq.ft (2024)
• C.B.O.A Colony: Rs 3,300 per sq.ft (2024)
• Buvaneswari Nagar: Rs 3,300 per sq.ft (2024)
• Blossom: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Deivalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,950 per sq.ft, the total guideline value would be Rs 29,50,000. The stamp duty at 7% would amount to Rs 2,06,500, and the registration fee at 2% would be Rs 59,000, bringing the total to Rs 2,65,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Deivalakshmi Nagar?

The Sub Registrar Office covering Deivalakshmi Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Chitthalapakkam. It determines the minimum value at which a property can be registered, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value influences the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. It is essential for buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Deivalakshmi Nagar?

The current guideline value of Deivalakshmi Nagar is Rs 2,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,950 per sq.ft in 2024, a 9% increase. From 2017 to 2023, it increased by 49%, and from 2012 to 2017, it decreased by 33%.

What is the land classification of Deivalakshmi Nagar?

Deivalakshmi Nagar is classified as Residential Special Type - II. This classification is important for understanding the zoning and usage regulations in the area.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 29,50,000, the stamp duty would be Rs 2,06,500 and the registration fee would be Rs 59,000.