Guideline Value for Deivanagar 3rd Street

Deivanagar 3rd Street guideline value

The current guideline value of Deivanagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Deivanagar 3rd Street has changed

The guideline value for Deivanagar 3rd Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 3,000 per sq.ft in 2023, and further rose by 10% to reach Rs 3,300 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tambaram

Tambaram village has a total of 360 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Deivanagar 3rd Street.

• Deivanagar 3rd cross Street: Rs 3,300 per sq.ft (2024)
• Deivanagar Main Road: Rs 3,300 per sq.ft (2024)
• Deivanagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Deivanagar 1st Street: Rs 4,400 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to 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 3rd Street?

The Sub Registrar Office covering Deivanagar 3rd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Tambaram. It serves as a basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. This value is determined by the local government and is regularly updated to reflect market conditions.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes on property transactions.

Frequently asked questions

What is the current guideline value of Deivanagar 3rd Street?

The current guideline value of Deivanagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the stamp duty for property in Deivanagar 3rd Street?

The stamp duty for property in Deivanagar 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Deivanagar 3rd Street?

The Sub Registrar Office for Deivanagar 3rd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Deivanagar 3rd Street?

Deivanagar 3rd Street is classified as Residential Class I Type - I, indicating its suitability for residential development.