Guideline Value for DEVAN FORM LANDS

Devan Form Lands guideline value

The current guideline value of Devan Form Lands is Rs 250 per sq.ft. This land is located in Elakkaimangalam village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Devan Form Lands has changed

According to the guideline value register, there have been several revisions for Devan Form Lands. The most recent revision in 2024 set the guideline value at Rs 250 per sq.ft, which is the same as the 2023 revision. The register has no figure for this street in the revisions from 2002 to 2017.

In summary, the guideline value remained unchanged from 2023 to 2024, with a consistent figure of Rs 250 per sq.ft. The previous revisions, specifically from 2002, 2003, 2007, 2012, and 2017, do not provide any figures for this street.

Guideline values in Elakkaimangalam

In Elakkaimangalam village, three streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 250 to Rs 300 per sq.ft, with the median being Rs 300 per sq.ft. Devan Form Lands' 2024 figure is below this median.

• G K Garden: Rs 300 per sq.ft (2024)
• Nakshatra Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Devan Form Lands

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devan Form Lands?

The Sub Registrar Office that covers Devan Form Lands is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Elakkaimangalam. It serves as a basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Devan Form Lands?

The current guideline value for Devan Form Lands is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value for Devan Form Lands has remained unchanged at Rs 250 per sq.ft from 2023 to 2024. There are no figures available for the revisions from 2002 to 2017.

What is the classification of Devan Form Lands?

Devan Form Lands is classified as Residential Class I Type - I, indicating its designation for residential use within the area.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located on Sriperumbudur Road, Walajabad-631 605, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Devan Form Lands?

Stamp duty for properties in Devan Form Lands is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the stamp duty would be Rs 17,500.