Guideline Value for Deivanagar 1st Street

Deivanagar 1st Street guideline value

The current guideline value of Deivanagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Deivanagar 1st Street has changed

The guideline value for Deivanagar 1st Street has seen significant changes over the years. In 2007, the value was Rs 600 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 567%. However, in 2017, the value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and most recently, it has increased to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 633%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Deivanagar 1st Street's 2024 value above this median.

• Deivanagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Deivanagar 3rd cross Street: Rs 3,300 per sq.ft (2024)
• Deivanagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Deivanagar Main Road: Rs 3,300 per sq.ft (2024)
• Daniel Street: Rs 4,400 per sq.ft (2024)
• CTO Colony 5th St: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Deivanagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total amount to Rs 3,96,000. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Deivanagar 1st Street?

The Sub Registrar Office that covers Deivanagar 1st Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Tambaram

The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It is used to calculate the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the stamp duty is charged based on the higher amount between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Deivanagar 1st Street?

The current guideline value of Deivanagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 633%.

What are the other streets in Tambaram with similar guideline values?

Other streets in Tambaram include Deivanagar 2nd Street, Deivanagar 3rd cross Street, Deivanagar 3rd Street, and Deivanagar Main Road, all at Rs 3,300 per sq.ft in 2024, while Daniel Street matches Deivanagar 1st Street at Rs 4,400 per sq.ft.

What are the stamp duty and registration fees for a property in Deivanagar 1st Street?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Deivanagar 1st Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Deivanagar 1st Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.