Guideline Value for Devadoss Street

Devadoss Street guideline value

The current guideline value of Devadoss Street is Rs 4,125 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - III.

How the guideline value of Devadoss Street has changed

The guideline value for Devadoss Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 501 per sq.ft. This figure significantly increased to Rs 3,750 per sq.ft in 2012, marking a remarkable rise of 649%. However, the value then decreased to Rs 2,512 per sq.ft in 2017, reflecting a decline of 33%. Following this, the 2023 revision raised the value to Rs 3,750 per sq.ft, and the most recent 2024 revision has set the current value at Rs 4,125 per sq.ft, which is an increase of 10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 723%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that have a guideline value for 2024, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 3,025 per sq.ft, placing Devadoss Street's 2024 figure above this median.

• Councilor Devarajanar Street: Rs 4,125 per sq.ft (2024)
• Chinnamaniyakara Street: Rs 3,850 per sq.ft (2024)
• Dr.Varadarajan Street: Rs 4,125 per sq.ft (2024)
• Chairman Ekambaranar Street: Rs 4,125 per sq.ft (2024)
• Chairman C.N.Mahadevan Street: Rs 4,125 per sq.ft (2024)
• Ekambaram Avenue Phase-I: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Devadoss Street

For a plot of 1,000 sq.ft at the current guideline value of Rs 4,125 per sq.ft, the total guideline value would be Rs 41,25,000. The stamp duty at 7% would amount to Rs 2,88,750, and the registration fee at 2% would be Rs 82,500. Together, the total cost for these fees would be Rs 3,71,250. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devadoss Street?

The Sub Registrar Office that covers Devadoss Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Chengalpattu Town. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value provides a benchmark for pricing the property. Sellers may use this information to set competitive prices that align with current market conditions, as reflected in the guideline values established by the Registration Department.

Frequently asked questions

What is the current guideline value of Devadoss Street?

The current guideline value of Devadoss Street is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 501 per sq.ft in 2007 to Rs 4,125 per sq.ft in 2024, reflecting an overall increase of 723% over the years.

What are the stamp duty and registration fees for properties on Devadoss Street?

For a property valued at Rs 41,25,000, the stamp duty would be Rs 2,88,750, and the registration fee would be Rs 82,500, totaling Rs 3,71,250.

Which office handles registrations for Devadoss Street?

The Chengleput Joint I Sub Registrar Office handles registrations for Devadoss Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Devadoss Street?

Devadoss Street is classified as Residential Special Type - III, indicating its designation for residential purposes within the area.