Guideline Value for Devadass Street

Devadass Street guideline value

The current guideline value of Devadass Street in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Devadass Street has changed

The guideline value for Devadass Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Devadass Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a guideline value for 2024 ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which means that Devadass Street's 2024 figure is below this median.

• Devanesa Nagar 1st Main Road: Rs 1,100 per sq.ft (2024)
• Devanesa Nagar 2nd Main Road: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 1St Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 4th Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Devadass Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value is Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while 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 or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devadass Street?

The Sub Registrar Office that covers Devadass Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buyers or sellers engage in a transaction, the guideline value helps ensure that the property is valued appropriately for taxation purposes. This value is used to calculate the applicable fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Devadass Street?

The current guideline value of Devadass Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Devadass Street has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Devadass Street?

Devadass Street is classified as Residential Class I Type - III.

What are the guideline values for other streets in Peerklankaranai?

Other streets in Peerklankaranai have varying guideline values, with the lowest being Rs 1,100 per sq.ft for several streets, while the overall range is from Rs 880 to Rs 4,400 per sq.ft.

Where is the Sub Registrar Office for Devadass Street located?

The Sub Registrar Office for Devadass Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.