Guideline Value for Deivarathinam Nagar

Deivarathinam Nagar guideline value

The current guideline value of Deivarathinam Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kovur village and falls under the Kunrathur SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Deivarathinam Nagar has changed

The guideline value for Deivarathinam Nagar has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft by 2012. However, it then decreased to Rs 871 per sq.ft in 2017. Following this, the value rose to Rs 1,300 per sq.ft in 2023 and further increased to the current rate of Rs 1,430 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

In terms of percentage changes, the value increased by 225% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 258%.

Guideline values in Kovur

Kovur village has 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. Deivarathinam Nagar's current value is below this median.

• Dharmalingam Avenue: Rs 1,650 per sq.ft (2024)
• Dharmaraja koil Street: Rs 1,650 per sq.ft (2024)
• East Madaveethi: Rs 1,320 per sq.ft (2024)
• Eswaran Nagar: Rs 1,320 per sq.ft (2024)
• Eswaran Nagar Annex: Rs 1,320 per sq.ft (2024)
• Bathra Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Deivarathinam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost for these fees to Rs 1,28,700. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Deivarathinam Nagar?

The Sub Registrar Office that covers Deivarathinam Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Kovur. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the fees are calculated fairly based on the current market standards set by the government.

It is essential to be aware of the guideline value when engaging in property transactions, as it directly affects the overall cost involved in the process. Buyers and sellers should consult the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Deivarathinam Nagar?

The current guideline value of Deivarathinam Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, reflecting a significant increase over the years.

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

For a property valued at Rs 14,30,000, the stamp duty is Rs 1,00,100 and the registration fee is Rs 28,600, totaling Rs 1,28,700.

Which office handles property registrations in Deivarathinam Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Deivarathinam Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Kovur?

The guideline value is determined by the government and is based on various factors, including land classification and market standards. It is revised periodically to reflect changes in the real estate market.