Guideline Value for Devaki Nagar 4th Street

Devaki Nagar 4th Street guideline value

The current guideline value of Devaki Nagar 4th Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Manancheri village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Devaki Nagar 4th Street has changed

The guideline value for Devaki Nagar 4th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. The overall change from 2012 to 2024 reflects a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,400 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Devaki Nagar 4th Street above this median.

• Devaki Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Devaki Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Devaki Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Devaki Nagar: Rs 1,320 per sq.ft (2024)
• Devandran Nagar: Rs 990 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Devaki Nagar 4th Street

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 to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Devaki Nagar 4th Street?

The Sub Registrar Office that covers Devaki Nagar 4th Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Manancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Devaki Nagar 4th Street?

The current guideline value of Devaki Nagar 4th 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 has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft in 2024.

What is the land classification of Devaki Nagar 4th Street?

Devaki Nagar 4th Street is classified as Residential Special Type - I.

What is the stamp duty for property in Devaki Nagar 4th Street?

The stamp duty for property in Devaki Nagar 4th Street is calculated at 7% of the guideline value, which amounts to Rs 92,400 for a 1,000 sq.ft plot at the current rate.

Which office handles registrations for Devaki Nagar 4th Street?

The Kunrathur Sub Registrar Office handles registrations for Devaki Nagar 4th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.