Guideline Value

Corporate

Guideline Value for Devanesa Nagar 1st Main Road

₹1100/sq.ft.

The guideline value for Devanesa Nagar 1st Main Road in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Peerklankaranai

Village

Tambaram Joint 1

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Devanesa Nagar 1st Main Road

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Devanesa Nagar 1st Main Road guideline value

The current guideline value of Devanesa Nagar 1st Main Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Devanesa Nagar 1st Main Road has changed

The guideline value for Devanesa Nagar 1st Main Road has undergone several revisions over the years. As of the 2012 revision, the value was Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, in the 2023 revision, the value increased to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, significant changes were noted. The value increased by 49% from 2017 to 2023, and from 2023 to 2024, it rose by 10%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Devanesa Nagar 1st Main Road is below this median.

Stamp duty and registration fee for property in Devanesa Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to 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 Devanesa Nagar 1st Main Road?

The Devanesa Nagar 1st Main Road falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Devanesa Nagar 1st Main Road?

The current guideline value of Devanesa Nagar 1st Main Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Devanesa Nagar 1st Main Road?

Devanesa Nagar 1st Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Devanesa Nagar 1st Main Road?

The Sub Registrar Office covering Devanesa Nagar 1st Main Road is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the stamp duty and registration fees for property in Devanesa Nagar 1st Main Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 11,00,000, the total stamp duty and registration fees would amount to Rs 99,000.