Guideline Value for DEVI NAGAR

Devi Nagar guideline value

The current guideline value of Devi Nagar, located in Nemilancheri village, is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Devi Nagar has changed

The guideline value for Devi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and now stands at Rs 660 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value rose by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Nemilancheri

In Nemilancheri, there are 15 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 1,870 per sq.ft, with a median value of Rs 990 per sq.ft. Devi Nagar's current rate is below this median.

• Evp Rajeswari Town: Rs 1,650 per sq.ft (2024)
• E.V.P. Town: Rs 990 per sq.ft (2024)
• Harmony Enclave: Rs 1,650 per sq.ft (2024)
• Annai Indira Nagar: Rs 990 per sq.ft (2024)
• Mahadevan Nagar: Rs 770 per sq.ft (2024)
• M.T.H Road: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 details.

Which Sub Registrar Office covers Devi Nagar?

The Sub Registrar Office that covers Devi Nagar 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 Nemilancheri

The guideline value is a crucial factor in the registration process when buying or selling property in Nemilancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Devi Nagar?

The current guideline value of Devi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and is now Rs 660 per sq.ft in 2024.

What are the other streets in Nemilancheri?

Other streets in Nemilancheri include Evp Rajeswari Town, E.V.P. Town, Harmony Enclave, Annai Indira Nagar, Mahadevan Nagar, and M.T.H Road, with varying guideline values.

Where can I find the Sub Registrar Office for Devi Nagar?

The Avadi Sub Registrar Office covers Devi Nagar, 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 Devi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 6,60,000, leading to a stamp duty of Rs 46,200.