Guideline Value

Corporate

Guideline Value for DEVAKI GREEN GARDEN

₹600/sq.ft.

The guideline value for Devaki Green Garden in Thadaperumbakkam village (Ponneri SRO, Chennai zone) is Rs 600 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 50% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thadaperumbakkam

Village

Ponneri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹600 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Devaki Green Garden

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Devaki Green Garden guideline value

The current guideline value of Devaki Green Garden is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Thadaperumbakkam village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Devaki Green Garden has changed

The guideline value for Devaki Green Garden has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in 2023, marking a change of 49%. The most recent revision in 2024 set the value at Rs 600 per sq.ft, reflecting a significant increase of 50% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 124%. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value for these streets is Rs 501 per sq.ft, and the guideline value for Devaki Green Garden is above this median.

Stamp duty and registration fee for property in Devaki Green Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Devaki Green Garden?

The Sub Registrar Office that covers Devaki Green Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thadaperumbakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value is often referenced to establish the minimum value for which the property can be registered. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Devaki Green Garden?

The current guideline value of Devaki Green Garden is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 600 per sq.ft in 2024, a total increase of 124% over the seven years.

What are the stamp duty and registration fees for a property in Devaki Green Garden?

For a 1,000 sq.ft property, the total guideline value is Rs 6,00,000. The stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which Sub Registrar Office covers the area of Devaki Green Garden?

The Ponneri Sub Registrar Office covers the area of Devaki Green Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that properties are registered at a value that reflects the current market conditions, facilitating proper revenue collection for the government.