Guideline Value for Deivanai Nagar 4th Street

Deivanai Nagar 4th Street guideline value

The current guideline value of Deivanai Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Deivanai Nagar 4th Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. The most recent revision in 2024 shows a significant increase to Rs 2,200 per sq.ft, marking a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2024, the guideline value increased from Rs 1,340 to Rs 2,200 per sq.ft. This reflects a substantial rise in the valuation of properties in this area over the seven-year period.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO carrying a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Deivanai Nagar 4th Street is below this median.

• Deivanai Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Deivanai Nagar Extn: Rs 2,200 per sq.ft (2024)
• Deivanai Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Deivanai Nagar Extn-2 1st Street: Rs 2,200 per sq.ft (2024)
• Deivanai Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Deivanai Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Deivanai Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Deivanai Nagar 4th Street?

The Sub Registrar Office that covers Deivanai Nagar 4th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in determining the registration fees and stamp duty when buying or selling property in Madipakkam-1. It serves as a benchmark for the value of properties in the area, ensuring that transactions are recorded at a fair value.

When you register a property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value for Deivanai Nagar 4th Street?

The current guideline value for Deivanai Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting a change of +64%.

Are there any years with no guideline value for this street?

Yes, the register has no figures for Deivanai Nagar 4th Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the average guideline value in Madipakkam-1?

The guideline values in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft.

Where can I find the Sub Registrar Office for Deivanai Nagar 4th Street?

The Velacheri Sub Registrar Office covers Deivanai Nagar 4th Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.