Guideline Value for DURGADEVI NAGAR CROSS AND ANBU NAGA R CROSS

Durgadevi Nagar Cross And Anbu Naga R Cross guideline value

The current guideline value for Durgadevi Nagar Cross And Anbu Naga R Cross is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Koladi village and falls under the Chennai South Joint II SRO, with a land classification of Residential Class II Type - II.

How the guideline value of Durgadevi Nagar Cross And Anbu Naga R Cross has changed

Looking at the historical revisions, the guideline value for this street has evolved significantly. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. The subsequent revision in 2023 saw a substantial increase to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the drop from 2012 to 2017 was 33%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Durgadevi Nagar Cross And Anbu Naga R Cross is below this median.

• Durgadevi Nagar: Rs 880 per sq.ft (2024)
• Durai Street: Rs 880 per sq.ft (2024)
• Ethulia: Rs 4,000 per sq.ft (2024)
• Devi Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Devi Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Devi Nagar 2nd Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Durgadevi Nagar Cross And Anbu Naga R Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 for more details.

Which Sub Registrar Office covers Durgadevi Nagar Cross And Anbu Naga R Cross?

The Durgadevi Nagar Cross And Anbu Naga R Cross area is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Koladi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buyers and sellers agree on a sale price, the guideline value is compared to ensure that the registration occurs at the higher of the two figures. This practice helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value for Durgadevi Nagar Cross And Anbu Naga R Cross?

The current guideline value for Durgadevi Nagar Cross And Anbu Naga R Cross is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Durgadevi Nagar Cross And Anbu Naga R Cross is Residential Class II Type - II.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for this area?

The Chennai South Joint II Sub Registrar Office handles registrations for Durgadevi Nagar Cross And Anbu Naga R Cross, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.