Guideline Value for DEVAR ST BACK SIDE

Devar St Back Side guideline value

The current guideline value for Devar St Back Side in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Devar St Back Side has changed

Over the years, the guideline value for Devar St Back Side has seen several revisions. The earliest recorded figure is from 2007, at Rs 386 per sq.ft. This value increased significantly to Rs 900 per sq.ft in 2012, marking a rise of 133%. However, by 2017, the guideline value dropped to Rs 603 per sq.ft, which is a decrease of 33%. The value then increased substantially to Rs 900 per sq.ft in 2023, representing a 49% increase. As of the latest revision in 2024, the guideline value stands at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 156%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is equal to the current value of Devar St Back Side.

• Devar Street: Rs 988 per sq.ft (2024)
• Devarajapuram (M.T.H.Road Northern Side) 3rd Stree: Rs 1,300 per sq.ft (2024)
• Devarajapuram (M.T.H.Road Northern Side) 2nd Stree: Rs 1,300 per sq.ft (2024)
• Devarajapuram (M.T.H.Road Northern Side) 1st Stree: Rs 1,300 per sq.ft (2024)
• Defance Colony: Rs 800 per sq.ft (2024)
• Deenadayalan Nagar 7th Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Devar St Back Side

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Devar St Back Side?

The Sub Registrar Office that covers Devar St Back Side is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is crucial in the registration process of property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Devar St Back Side?

The current guideline value for Devar St Back Side is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Devar St Back Side has changed from Rs 386 per sq.ft in 2007 to Rs 988 per sq.ft in 2024, reflecting a total increase of 156% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles property registrations in Thandurai?

The Avadi Sub Registrar Office handles property registrations in Thandurai, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Devar St Back Side?

The land classification for Devar St Back Side is Residential Class II Type - I, indicating its suitability for residential development.