Guideline Value for Devar Street (Arumuganagar)

Devar Street (Arumuganagar) guideline value

The current guideline value of Devar Street (Arumuganagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO and is classified as Residential Special Type - I.

How the guideline value of Devar Street (Arumuganagar) has changed

In the 2012 revision, the guideline value was Rs 1,600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,072 per sq.ft, marking a decrease of 33%. Subsequently, the value increased significantly to Rs 1,600 per sq.ft in 2023, and then further rose to the current value of Rs 1,700 per sq.ft in 2024, reflecting a 6% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Devar Street (Arumuganagar) above this median.

• Devar Street (Gnanamoorthy Nagar): Rs 1,700 per sq.ft (2024)
• Devan Street: Rs 1,700 per sq.ft (2024)
• Devi Karumariamman Street: Rs 1,002 per sq.ft (2024)
• Devagi Street: Rs 1,000 per sq.ft (2024)
• Devi Street: Rs 1,000 per sq.ft (2024)
• DABC Layout: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Devar Street (Arumuganagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, these fees would total Rs 1,53,000. It is important to note that 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 Devar Street (Arumuganagar)?

The Sub Registrar Office that covers Devar Street (Arumuganagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial reference point when registering property transactions in Menambedu. It determines the amount of stamp duty and registration fees that need to be paid during the purchase or sale of property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Devar Street (Arumuganagar)?

The current guideline value of Devar Street (Arumuganagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Devar Street (Arumuganagar)?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers Devar Street (Arumuganagar)?

The Ambattur Sub Registrar Office covers Devar Street (Arumuganagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the land classification of Devar Street (Arumuganagar)?

Devar Street (Arumuganagar) is classified as Residential Special Type - I.