Guideline Value for DEVAR STREET

Devar Street guideline value

The current guideline value of Devar Street in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Devar Street has changed

The guideline value for Devar Street has seen several revisions over the years. In 2002, the value was Rs 71 per sq.ft, which increased to Rs 82 per sq.ft in 2003. Following this, the value surged significantly to Rs 386 per sq.ft in 2007, and then it further rose to Rs 900 per sq.ft in 2012. However, there was a decline to Rs 603 per sq.ft in 2017. The value then increased to Rs 900 per sq.ft in 2023, before reaching the current rate of Rs 988 per sq.ft in 2024.

Between the revisions, the most notable changes include an increase of 371% from 2003 to 2007, and a decrease of 33% from 2012 to 2017. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1292%.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, which is equal to the current value of Devar Street.

• Devar St Back Side: 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 Street

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 be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devar Street?

The Sub Registrar Office that covers Devar Street 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 information.

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

The guideline value is an essential factor during property registration in Thandurai. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is used to determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Devar Street?

The current guideline value of Devar Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 71 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 1292% over the years.

What is the land classification for Devar Street?

The land classification for Devar Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Devar Street?

The Sub Registrar Office for Devar Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Devar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 69,160.