Guideline Value for DEVARAJAPURAM STREET

Devarajapuram Street guideline value

The current guideline value of Devarajapuram Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur - A under the Cheyyur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Devarajapuram Street has changed

The guideline value for Devarajapuram Street has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, reflecting a 100% increase. The most recent revision in 2024 set the value at Rs 101 per sq.ft, a 1% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Devarajapuram Street. Overall, from 2017 to 2024, the guideline value has increased by 102%.

Guideline values in Cheyyur - A

In the village of Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value is Rs 101 per sq.ft, making Devarajapuram Street's 2024 figure equal to this median.

• Devarajapuram Salai: Rs 101 per sq.ft (2024)
• Chinna Errikarai Street: Rs 101 per sq.ft (2024)
• Cheriyamman Koil Street: Rs 101 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 2nd STREET: Rs 101 per sq.ft (2024)
• CHELLIYAMMAN KOVIL 1st STREET: Rs 101 per sq.ft (2024)
• Eswaran Koil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Devarajapuram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, making the total fees together Rs 9,090. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Devarajapuram Street?

The Sub Registrar Office that covers Devarajapuram Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor in the registration process of property transactions in Cheyyur - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a standard value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Devarajapuram Street?

The current guideline value of Devarajapuram Street is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and then to Rs 101 per sq.ft in 2024. This represents an overall increase of 102% from 2017 to 2024.

What are the registration fees for a property in Devarajapuram Street?

The registration fees for a property in Devarajapuram Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,090.

Which office handles registrations for Devarajapuram Street?

The Cheyyur Sub Registrar Office handles registrations for Devarajapuram Street, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

What is the land classification for Devarajapuram Street?

Devarajapuram Street is classified as Residential Class IV Type - I, indicating its designation for residential use within the Cheyyur SRO jurisdiction.