Guideline Value for Deva Nagar

Deva Nagar guideline value

The current guideline value of Deva Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Deva Nagar has changed

The guideline value for Deva Nagar has remained consistent at Rs 700 per sq.ft from the 2023 revision through to the 2024 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, the guideline value has increased by 49% from 2017 to 2024, maintaining the same rate of Rs 700 per sq.ft in the latest two revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the current guideline value of Deva Nagar.

• Devakiammal Nagar: Rs 700 per sq.ft (2024)
• Devendra Nagar: Rs 700 per sq.ft (2024)
• C.V Raman Nagar: Rs 700 per sq.ft (2024)
• C.P.J. Nagar: Rs 700 per sq.ft (2024)
• Dhanthondry Amman koil Street: Rs 1,000 per sq.ft (2024)
• D.K. Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Deva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Deva Nagar?

The Sub Registrar Office that covers Deva Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Sriperumbudur A. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the property transfer process.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value for taxation purposes. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Deva Nagar?

The current guideline value of Deva Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 700 per sq.ft from the 2023 revision to the 2024 revision. It increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What are the other streets with the same guideline value in Sriperumbudur A?

Other streets in Sriperumbudur A with the same guideline value of Rs 700 per sq.ft include Devakiammal Nagar, Devendra Nagar, C.V Raman Nagar, C.P.J. Nagar, and D.K. Nagar.

What is the registration fee for property in Deva Nagar?

The registration fee for property in Deva Nagar is calculated based on the guideline value. For example, a property valued at Rs 7,00,000 would incur a registration fee of Rs 14,000 at 2%.

Where can I find the Sub Registrar Office for Deva Nagar?

The Sub Registrar Office for Deva Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant link.