Guideline Value for Devabalan Nagar

Devabalan Nagar guideline value

The current guideline value of Devabalan Nagar is Rs 1,320 per sq.ft. This area is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Devabalan Nagar has changed

The guideline value for Devabalan Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 804 per sq.ft. In the following years, the value increased significantly, reaching Rs 1,200 per sq.ft in the 2023 revision, and then rising to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, demonstrating a substantial rise in the guideline value over this period.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the current guideline value of Devabalan Nagar.

• Devadoss Nagar: Rs 1,320 per sq.ft (2024)
• Co-operative Colony: Rs 1,320 per sq.ft (2024)
• Dhanapal Street: Rs 1,100 per sq.ft (2024)
• Commissioner Colony Main Road (3): Rs 2,200 per sq.ft (2024)
• Commissioner Colony Main Road (2): Rs 2,200 per sq.ft (2024)
• Commissioner Colony 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Devabalan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Devabalan Nagar?

The Sub Registrar Office that covers Devabalan Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pozhichalur. When buying or selling 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 based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Devabalan Nagar?

The current guideline value of Devabalan Nagar is Rs 1,320 per sq.ft as per the 2024 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration office for Devabalan Nagar?

The registration office for Devabalan Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Devabalan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 13,20,000 would incur a stamp duty of Rs 92,400.

What are the other streets with similar guideline values in Pozhichalur?

Other streets in Pozhichalur with a guideline value of Rs 1,320 per sq.ft include Devadoss Nagar and Co-operative Colony. Dhanapal Street has a lower value of Rs 1,100 per sq.ft.