Guideline Value for DEVAKI GREEN GARDEN

Devaki Green Garden guideline value

The current guideline value of Devaki Green Garden is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Thadaperumbakkam_2 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 seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 268 per sq.ft. This value increased to Rs 400 per sq.ft in the 2023 revision, marking a significant change of 49%. The 2024 revision also maintains this value at Rs 400 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 49% from the 2017 revision to the 2024 revision.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, where the median value is Rs 300 per sq.ft. The guideline value of Devaki Green Garden is above this median.

• Chennai City: Rs 400 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Annamalai Nagar: Rs 300 per sq.ft (2024)
• Annai Abirami Nagar: Rs 300 per sq.ft (2024)
• Kailash Nagar: Rs 300 per sq.ft (2024)

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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 covering Devaki Green Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value is a crucial factor when buying or selling property in Thadaperumbakkam_2, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate stamp duty and registration fees, which are mandatory during the property transaction process.

When a buyer purchases a property, they must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Devaki Green Garden?

The current guideline value of Devaki Green Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, going from Rs 268 per sq.ft to Rs 400 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Devaki Green Garden?

Devaki Green Garden is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Devaki Green Garden located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, and it covers the registration for Devaki Green Garden.