Guideline Value for DEVANSHI NAGAR

Devanshi Nagar guideline value

The current guideline value of Devanshi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Devanshi Nagar has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. The current revision for 2024 continues to reflect this value, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Comparing the revisions, there has been a significant increase of 49% from the 2017 revision to the 2023 and 2024 revisions. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Devanshi Nagar is above this median.

• Dhamodara Nagar: Rs 700 per sq.ft (2024)
• Dharsan Aalayam: Rs 1,200 per sq.ft (2024)
• Dilshath Nagar: Rs 800 per sq.ft (2024)
• D.R.N Nagar: Rs 1,200 per sq.ft (2024)
• Dr.Srinivasan Nagar: Rs 700 per sq.ft (2024)
• Durga Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Devanshi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that 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 details.

Which Sub Registrar Office covers Devanshi Nagar?

The Sub Registrar Office that covers Devanshi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Karanaipuducheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of this value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Devanshi Nagar?

The current guideline value of Devanshi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 804 per sq.ft in 2017 to the current value.

What are the other streets in Karanaipuducheri and their values?

Other streets in Karanaipuducheri include Dhamodara Nagar at Rs 700 per sq.ft, Dharsan Aalayam and D.R.N Nagar both at Rs 1,200 per sq.ft, Dilshath Nagar at Rs 800 per sq.ft, Dr.Srinivasan Nagar at Rs 700 per sq.ft, and Durga Nagar at Rs 1,500 per sq.ft.

What is the registration fee for properties in Devanshi Nagar?

The registration fee for properties in Devanshi Nagar is 2% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 24,000.

Where can I find the Sub Registrar Office for Devanshi Nagar?

The Gooduvancheri Sub Registrar Office covers Devanshi Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.