Guideline Value for Devadoss Nagar

Devadoss Nagar guideline value

The current guideline value of Devadoss Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Devadoss Nagar has changed

The guideline value for Devadoss Nagar has seen significant changes over the years. The 2007 revision recorded a guideline value of Rs 300 per sq.ft. This figure increased to Rs 804 per sq.ft in the 2017 revision, marking a substantial rise of 168%. Following this, the 2023 revision set the value at Rs 1,200 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 has further raised the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that there are no figures available for the years 2002, 2003, and 2012 for this street in the register.

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 for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Devadoss Nagar.

• Devabalan 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 Devadoss Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Devadoss Nagar?

The Sub Registrar Office that covers Devadoss 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 Pozhichalur

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Devadoss Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, showing an overall increase of 340% over this period.

What is the registration office for Devadoss Nagar?

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

How is stamp duty calculated for properties in Devadoss Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at 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 Devabalan Nagar and Co-operative Colony. There are also streets with varying values, such as Dhanapal Street at Rs 1,100 per sq.ft.