Guideline Value for DEVENDRA NAGAR EXTENSION

Devendra Nagar Extension guideline value

The current guideline value for Devendra Nagar Extension is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Devendra Nagar Extension has changed

The guideline value for Devendra Nagar Extension has undergone several revisions over the years. The register shows that in 2017, the value was Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 990 per sq.ft, marking a significant increase of 64% from 2017 to 2024. The change from 2023 to 2024 represents a 10% increase.

It is important to note that the register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a notable rise in the guideline value during that period.

Guideline values in Nandambakkam

In Nandambakkam, there are 94 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,300 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Devendra Nagar Extension is above this median.

• Devendra Nagar: Rs 990 per sq.ft (2024)
• Devendira Nagar: Rs 990 per sq.ft (2024)
• Dharmaraja Nagar: Rs 770 per sq.ft (2024)
• Ganapathy Nagar: Rs 990 per sq.ft (2024)
• Gandhi Nagar: Rs 990 per sq.ft (2024)
• Balaji Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Devendra Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devendra Nagar Extension?

The Sub Registrar Office that covers Devendra Nagar Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This helps maintain a standard valuation across different properties within the region.

Frequently asked questions

What is the current guideline value for Devendra Nagar Extension?

The current guideline value for Devendra Nagar Extension is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 603 per sq.ft to Rs 990 per sq.ft in 2024.

What is the land classification for Devendra Nagar Extension?

The land classification for Devendra Nagar Extension is Residential Special Type - I.

Where can I find the registration office for Devendra Nagar Extension?

The registration office for Devendra Nagar Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for property in Devendra Nagar Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 9,90,000, the stamp duty would be calculated at 7% of that amount.