Guideline Value for DEVANSHI NAGAR

Devanshi Nagar guideline value

The current guideline value of Devanshi Nagar, located in Kavanur village under the Gooduvancheri SRO, is Rs 536 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - III land classification.

How the guideline value of Devanshi Nagar has changed

In the 2017 revision, the guideline value for Devanshi Nagar was set at Rs 536 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 536 per sq.ft. The most recent 2024 revision has maintained the same value of Rs 536 per sq.ft, indicating no percentage change across these years.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the guideline value has remained consistent at Rs 536 per sq.ft since 2017, with no changes noted in the revisions leading up to 2024.

Guideline values in Kavanur

Kavanur village features 109 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing Devanshi Nagar's 2024 figure below that median.

• Doctor's Township Part-I: Rs 800 per sq.ft (2024)
• Doctor's Township Part-II: Rs 800 per sq.ft (2024)
• Doctor's Township Part-III: Rs 800 per sq.ft (2024)
• Doctor's Township Part-IV: Rs 800 per sq.ft (2024)
• Doctor's Township Part-V: Rs 800 per sq.ft (2024)
• Doctor's Township Part-VI: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Devanshi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 536 per sq.ft, the total guideline value amounts to Rs 5,36,000. The stamp duty at 7% would be Rs 37,520, while the registration fee at 2% would be Rs 10,720, bringing the total fees together to Rs 48,240. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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 Kavanur

The guideline value is a crucial figure used during the registration of property transactions in Kavanur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the official value of the property being transacted. This value is essential for both buyers and sellers to understand the financial implications of their real estate transactions.

Frequently asked questions

What is the current guideline value of Devanshi Nagar?

The current guideline value of Devanshi Nagar is Rs 536 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 536 per sq.ft since the 2017 revision, with no changes noted in the revisions for 2023 and 2024.

What is the land classification for Devanshi Nagar?

Devanshi Nagar falls under the Residential Class III Type - III land classification.

What are the stamp duty and registration fees for property in Devanshi Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,36,000. The stamp duty at 7% is Rs 37,520, and the registration fee at 2% is Rs 10,720, totaling Rs 48,240.

Which Sub Registrar Office covers Devanshi Nagar?

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