Guideline Value for Devaneya Pavanar Street

Devaneya Pavanar Street guideline value

The current guideline value of Devaneya Pavanar Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Devaneya Pavanar Street has changed

The guideline value for Devaneya Pavanar Street has undergone several revisions over the years. In 2003, the value was Rs 171 per sq.ft, which increased to Rs 400 per sq.ft in 2007. Following this, the value rose significantly to Rs 700 per sq.ft in 2012, before dropping to Rs 469 per sq.ft in 2017. The 2023 revision saw another increase to Rs 700 per sq.ft, which was then revised to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 350%. The register does not have any figures for the year 2002 for this street.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the 2024 figure for Devaneya Pavanar Street.

• Dharmakartha Murugesan Street: Rs 770 per sq.ft (2024)
• Chinnamman Nagar: Rs 660 per sq.ft (2024)
• Cheran Street (Bhavani Nagar): Rs 770 per sq.ft (2024)
• Duraisamy Reddiyar Street: Rs 385 per sq.ft (2024)
• Elanchezhian Street: Rs 660 per sq.ft (2024)
• Eswaran Koil Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Devaneya Pavanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Devaneya Pavanar Street?

The Sub Registrar Office that covers Devaneya Pavanar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Padiyanallur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the overall cost of property transactions. It ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Devaneya Pavanar Street?

The current guideline value of Devaneya Pavanar Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 171 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, which is a total increase of 350% over this period.

What are the stamp duty and registration fees for property in Devaneya Pavanar Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300 based on the current guideline value.

Which Sub Registrar Office covers Devaneya Pavanar Street?

The Redhills Sub Registrar Office covers Devaneya Pavanar Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Where can I find more information about the guideline values in Padiyanallur?

For more information about the guideline values in Padiyanallur, you can refer to the Registration Department's guideline value register (TNReginet) or visit the relevant links provided for other streets in the area.