Guideline Value for DEVI PRASATH NAGAR (N)

Devi Prasath Nagar (N) guideline value

The current guideline value for Devi Prasath Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Devi Prasath Nagar (N) has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 402 per sq.ft. The value then increased to Rs 600 per sq.ft in the 2023 revision, before reaching the current value of Rs 660 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023. The change from 2023 to 2024 is an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. Devi Prasath Nagar (N) is below this median value.

• Diamond Avenue (Per): Rs 660 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,320 per sq.ft (2024)
• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Prasath Nagar (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devi Prasath Nagar (N)?

The Chengleput Joint II Sub Registrar Office covers Devi Prasath Nagar (N). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Panangottur. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a value that reflects the official pricing set by the government. This helps maintain transparency in property dealings and ensures that taxes are appropriately collected based on the established values.

Frequently asked questions

What is the current guideline value of Devi Prasath Nagar (N)?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 600 per sq.ft in 2012, Rs 402 per sq.ft in 2017, Rs 600 per sq.ft in 2023, and currently Rs 660 per sq.ft in 2024.

What is the land classification for Devi Prasath Nagar (N)?

The land classification for Devi Prasath Nagar (N) is Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Devi Prasath Nagar (N)?

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 guideline value, the total stamp duty would be Rs 46,200.