Guideline Value for DEVARAJ GARDEN

Devaraj Garden guideline value

The current guideline value of Devaraj Garden is Rs 1,000 per sq.ft. This area falls under Kolapakkam village and is registered with the Gooduvancheri SRO. The land classification is Commercial Class I Type - II.

How the guideline value of Devaraj Garden has changed

The guideline value for Devaraj Garden has seen several revisions over the years. The earliest recorded value in 2007 was Rs 230 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, this value then decreased by 33% to Rs 670 per sq.ft in the 2017 revision. The most recent revision in 2023 brought the guideline value back up to Rs 1,000 per sq.ft, marking a 49% increase from the previous figure.

Overall, from 2007 to 2023, the guideline value has increased by 335%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. Devaraj Garden is one of the streets in Kolapakkam under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Devaraj Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devaraj Garden?

The Sub Registrar Office that covers Devaraj Garden 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kolapakkam. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that all transactions are conducted fairly and transparently.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all real estate transactions. This ensures that the government receives due revenue from property sales and helps maintain accurate records of property ownership.

Frequently asked questions

What is the current guideline value of Devaraj Garden?

The current guideline value of Devaraj Garden is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What is the stamp duty for properties in Devaraj Garden?

The stamp duty for properties in Devaraj Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

Is there a guideline value for the year 2024?

No, the register does not have a guideline value figure for the year 2024 for Devaraj Garden.