Guideline Value for Devanesan Nagar Kanndhasan Street

Devanesan Nagar Kanndhasan Street guideline value

The current guideline value of Devanesan Nagar Kanndhasan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Devanesan Nagar Kanndhasan Street has changed

The guideline value for Devanesan Nagar Kanndhasan Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft. The 2023 revision then increased the value to Rs 1,000 per sq.ft, followed by the latest 2024 revision, which raised it to Rs 1,100 per sq.ft.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no 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 that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, indicating that Devanesan Nagar Kanndhasan Street's 2024 figure is below this median.

• Devanesan Nagar Kambar Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar Kumaran Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar Main Road Extn: Rs 1,320 per sq.ft (2024)
• Devanesan Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar Nehru Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Devanesan Nagar Kanndhasan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, which totals Rs 77,000, while the registration fee at 2% is Rs 22,000. Together, the total cost for these fees is Rs 99,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Devanesan Nagar Kanndhasan Street?

The Sub Registrar Office that covers Devanesan Nagar Kanndhasan Street is 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 plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid. This value helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Devanesan Nagar Kanndhasan Street?

The current guideline value of Devanesan Nagar Kanndhasan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed 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 reaching Rs 1,100 per sq.ft in 2024.

What is the land classification for Devanesan Nagar Kanndhasan Street?

The land classification for Devanesan Nagar Kanndhasan Street is Residential Class II Type - I.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, which means that Devanesan Nagar Kanndhasan Street's value is below this median.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Devanesan Nagar Kanndhasan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.