Guideline Value for DEVARAJAPURAM (M.T.H.ROAD NORTHERN SIDE) 2ND STREE

Devarajapuram (M.T.H.Road Northern Side) 2nd Stree guideline value

The current guideline value of Devarajapuram (M.T.H.Road Northern Side) 2nd Stree is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Thandurai village and falls under the Avadi SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Devarajapuram (M.T.H.Road Northern Side) 2nd Stree has changed

The guideline value for Devarajapuram (M.T.H.Road Northern Side) 2nd Stree has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and is currently set at Rs 1,300 per sq.ft from the 2024 revision, marking an increase of 8% from the previous year.

From the 2017 revision to the 2023 revision, the increase was 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figure for the years 2002, 2003, and 2007 for this street.

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, placing the 2024 figure for Devarajapuram (M.T.H.Road Northern Side) 2nd Stree above this median.

• Devarajapuram (M.T.H.Road Northern Side) 1st Stree: Rs 1,300 per sq.ft (2024)
• Devarajapuram (M.T.H.Road Northern Side) 3rd Stree: Rs 1,300 per sq.ft (2024)
• Devar St Back Side: Rs 988 per sq.ft (2024)
• Devar Street: Rs 988 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 Devarajapuram (M.T.H.Road Northern Side) 2nd Stree

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Devarajapuram (M.T.H.Road Northern Side) 2nd Stree?

The Sub Registrar Office that covers Devarajapuram (M.T.H.Road Northern Side) 2nd Stree 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 a crucial factor when registering property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should always check the latest guideline values to understand their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Devarajapuram (M.T.H.Road Northern Side) 2nd Stree?

The current guideline value of Devarajapuram (M.T.H.Road Northern Side) 2nd Stree is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft from 2024.

What is the land classification for this street?

The land classification for Devarajapuram (M.T.H.Road Northern Side) 2nd Stree is Residential Special Type - III.

Where can I find the Sub Registrar Office for this area?

The Avadi Sub Registrar Office covers Devarajapuram (M.T.H.Road Northern Side) 2nd Stree, 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.