Guideline Value for Devadas Street/Anna Nagar

Devadas Street/Anna Nagar guideline value

The current guideline value of Devadas Street/Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Commercial Class I Type - II.

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

The guideline value for Devadas Street/Anna Nagar has seen significant changes over the years. In 2002, the value was Rs 228 per sq.ft, which increased to Rs 258 per sq.ft in 2003, marking a 13% rise. Following this, the value rose to Rs 360 per sq.ft in 2007, reflecting a 40% increase. The 2017 revision saw a substantial jump to Rs 1,675 per sq.ft, which is a 365% increase from the 2007 figure. The guideline value remained unchanged for this street in 2012, as the register has no figure for this street in it. The 2023 revision set the value at Rs 2,500 per sq.ft, a 49% increase from 2017. Finally, the current 2024 revision has increased the value to Rs 2,750 per sq.ft, representing a 10% rise from 2023.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Devadas Street/Anna Nagar is above this median, indicating a higher valuation compared to many other streets in the area.

• Devadas Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Devadas Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Devadas Street /Thiruvallavur Nagar: Rs 2,475 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/Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devadas Street/Anna Nagar?

The Sub Registrar Office that covers Devadas Street/Anna Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 registering property transactions in Pammal. It serves as a benchmark for calculating the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to determine the minimum value at which a property can be registered. This helps maintain transparency in real estate transactions and protects the interests of both buyers and sellers.

Frequently asked questions

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

The current guideline value of Devadas Street/Anna Nagar is Rs 2,750 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 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1106% over this period.

What are the other streets in Pammal and their guideline values?

Other streets in Pammal include Devadas Street /Hindustan Lever Colony at Rs 2,530 per sq.ft, Devadas Street / Pasumpon Nagar at Rs 1,980 per sq.ft, and several others, each with their respective guideline values.

What are the stamp duty and registration fees for property in Devadas Street/Anna Nagar?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Devadas Street/Anna Nagar located?

The Sub Registrar Office for Devadas Street/Anna Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.