Guideline Value for Devagi Street

Devagi Street guideline value

The current guideline value of Devagi Street in Menambedu village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class III Type - I.

How the guideline value of Devagi Street has changed

The guideline value for Devagi Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 670 per sq.ft. Following this, the 2023 revision maintained the value at Rs 1,000 per sq.ft, with no change. The latest revision in 2024 also keeps the value at Rs 1,000 per sq.ft, indicating a 0% change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,000 per sq.ft.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value is Rs 1,003 per sq.ft, placing Devagi Street's 2024 figure below this median.

• Devan Street: Rs 1,700 per sq.ft (2024)
• Devar Street (Arumuganagar): Rs 1,700 per sq.ft (2024)
• Devar Street (Gnanamoorthy Nagar): Rs 1,700 per sq.ft (2024)
• Devi Karumariamman Street: Rs 1,002 per sq.ft (2024)
• DABC Layout: Rs 1,000 per sq.ft (2024)
• Devi Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Devagi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devagi Street?

The Sub Registrar Office covering Devagi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Menambedu. It is used to determine the stamp duty and registration fees applicable at the time of property registration. Buyers and sellers must consider this value as it directly influences the overall costs involved in the transaction.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Devagi Street?

The current guideline value of Devagi Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2012, and it has remained at Rs 1,000 per sq.ft from 2012 to 2024.

What is the classification of land on Devagi Street?

Devagi Street is classified as Residential Class III Type - I under the Ambattur SRO.

What are the stamp duty and registration fees for properties in Devagi Street?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Devagi Street?

The Ambattur Sub Registrar Office handles registrations for Devagi Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.