Guideline Value for Devadas Street /Thiruvallavur Nagar

Devadas Street /Thiruvallavur Nagar guideline value

The current guideline value of Devadas Street /Thiruvallavur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Devadas Street /Thiruvallavur Nagar has changed

The guideline value for Devadas Street /Thiruvallavur Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. By 2007, the value jumped to Rs 360 per sq.ft, reflecting a 38% increase. The next revision in 2017 saw a substantial rise to Rs 1,507 per sq.ft, representing a 319% increase from the previous figure. However, there is no figure available for the year 2012 in the register.

In 2023, the guideline value reached Rs 2,250 per sq.ft, showing a 49% increase from the 2017 revision. The most recent revision in 2024 has set the guideline value at Rs 2,475 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 976%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value range from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Devadas Street /Thiruvallavur Nagar above this median. Here are some other streets in Pammal:

• Devadas Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Devadas Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Devadas Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Delhi Street / Thandai Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Deivasigamani Street / Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Deivasigamani Cross Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Devadas Street /Thiruvallavur Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, totaling Rs 2,22,750. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devadas Street /Thiruvallavur Nagar?

The Sub Registrar Office that covers Devadas Street /Thiruvallavur 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 Pammal

The guideline value is a crucial factor when buying or selling property in Pammal. It serves as the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This value helps in establishing a fair transaction and is used to calculate the necessary taxes and charges during the registration process.

Frequently asked questions

What is the current guideline value of Devadas Street /Thiruvallavur Nagar?

The current guideline value of Devadas Street /Thiruvallavur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 230 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, representing an overall increase of 976%.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250, and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Which office handles registrations for Devadas Street /Thiruvallavur Nagar?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, handles registrations for this area.

What is the land classification for Devadas Street /Thiruvallavur Nagar?

The land classification for Devadas Street /Thiruvallavur Nagar is Residential Class I Type - II.