Guideline Value for DEVARAJ NAGAR

Devaraj Nagar guideline value

The current guideline value of Devaraj Nagar, located in Nedunkumdram village under the Tambaram Joint 1 SRO, is Rs 1,430 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Devaraj Nagar has changed

The guideline value for Devaraj Nagar has seen several revisions over the years. In 2012, the value was Rs 1,300 per sq.ft, which then decreased to Rs 871 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the years 2002, 2003, and 2007 for this street. The revisions show a substantial increase of 49% from 2017 to 2023, while the decrease from 2012 to 2017 was 33%.

Guideline values in Nedunkumdram

Nedunkumdram village has 75 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Devaraj Nagar's 2024 figure below that median.

• Devaraj Nagar Extension: Rs 1,430 per sq.ft (2024)
• Devaraj Nagar I to IV: Rs 1,430 per sq.ft (2024)
• Divya Garden: Rs 330 per sq.ft (2024)
• Chennai-2 Green City Phase-I: Rs 1,110 per sq.ft (2024)
• Easton Enclave: Rs 4,600 per sq.ft (2024)
• Casagrand Vistaaz: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. 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 information.

Which Sub Registrar Office covers Devaraj Nagar?

The Sub Registrar Office that covers Devaraj Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Nedunkumdram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The higher of the guideline value or the sale price is considered for calculating these fees.

When you register a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Devaraj Nagar?

The current guideline value of Devaraj Nagar is Rs 1,430 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,430 per sq.ft in 2024.

What is the land classification for Devaraj Nagar?

The land classification for Devaraj Nagar is Residential Special Type - II.

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

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Where is the Sub Registrar Office for Devaraj Nagar located?

The Sub Registrar Office for Devaraj Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.