Guideline Value for Deivanai Nagar

Deivanai Nagar guideline value

The current guideline value of Deivanai Nagar, located in Atanancheri village under the Gooduvancheri SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Deivanai Nagar has changed

The guideline value for Deivanai Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 120 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 400% rise. However, it then dropped to Rs 402 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 600 per sq.ft through the 2023 revision, showing no change from the previous year. The current 2024 revision also maintains the guideline value at Rs 600 per sq.ft, indicating a 0% change from 2023.

Looking at the overall changes from 2007 to 2024, the guideline value has increased by 400%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Deivanai Nagar's 2024 figure below this median.

• Dhinesh Avenue: Rs 500 per sq.ft (2024)
• Chitra Nagar: Rs 700 per sq.ft (2024)
• Dhorupathi Amman Nagar: Rs 700 per sq.ft (2024)
• Chidambaram Nagar: Rs 800 per sq.ft (2024)
• Dr.Jayasingh Nagar-I,II: Rs 700 per sq.ft (2024)
• Durga Nagar Part - I: Rs 1,050 per sq.ft (2024)

Stamp duty and registration fee for property in Deivanai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Deivanai Nagar?

The Sub Registrar Office that covers Deivanai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Atanancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the government's assessment of the property.

When you register a property, the guideline value helps determine the minimum value on which the stamp duty is calculated. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Deivanai Nagar?

The current guideline value of Deivanai Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with significant changes occurring in previous years, including a drop to Rs 402 per sq.ft in 2017 and a rise from Rs 120 per sq.ft in 2007.

What is the median guideline value for streets in Atanancheri?

The median guideline value for the 83 streets in Atanancheri is Rs 700 per sq.ft, with Deivanai Nagar's value being below this median.

What are the stamp duty and registration fees for property in Deivanai Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Where is the Sub Registrar Office for Deivanai Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.