Guideline Value for Devaki Nagar

Devaki Nagar guideline value

The current guideline value of Devaki Nagar, located in Athur B Block village under the Chengleput Joint II SRO, is Rs 800 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Mixed Special Type - I.

How the guideline value of Devaki Nagar has changed

Over the years, the guideline value of Devaki Nagar has seen several revisions. The 2007 revision set the value at Rs 130 per sq.ft, which significantly increased to Rs 800 per sq.ft in the 2012 revision. However, it dropped to Rs 536 per sq.ft in the 2017 revision before stabilizing at Rs 800 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The substantial rise from 2007 to 2012 was 515%, while the value fell by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 515%.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Devaki Nagar's 2024 figure above this median.

• B.R.R. Nagar: Rs 1,000 per sq.ft (2024)
• Baskar Rav Avenue: Rs 1,100 per sq.ft (2024)
• Baskara Rao Avenue Extn-1: Rs 700 per sq.ft (2024)
• Balu Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Green Peace Mountain Stream Enclave: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Devaki Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. Please 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 details.

Which Sub Registrar Office covers Devaki Nagar?

The Sub Registrar Office that covers Devaki Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor during the registration of property transactions in Athur B Block. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair price for the property, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Devaki Nagar?

The current guideline value of Devaki Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most notable increase from Rs 130 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, and it has remained at Rs 800 per sq.ft since 2023.

What are the stamp duty rates applicable in Devaki Nagar?

The stamp duty rate applicable in Devaki Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Devaki Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations in Devaki Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Athur B Block?

The median guideline value in Athur B Block is Rs 700 per sq.ft, with Devaki Nagar's guideline value being above this median at Rs 800 per sq.ft.