Guideline Value for Devaraj Nagar 2nd Street

Devaraj Nagar 2nd Street guideline value

The current guideline value of Devaraj Nagar 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Devaraj Nagar 2nd Street has changed

The guideline value for Devaraj Nagar 2nd Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 figure of Rs 1,980 per sq.ft is significant as it matches the median guideline value for Anakaputhur streets.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO carrying a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, which is the same as the guideline value for Devaraj Nagar 2nd Street.

• Devaraj Nagar 2nd Main Road: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar 1st Main Road: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Arunagiri Nathar 1st Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Arunagiri Nathar Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Extension 1st Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost to Rs 1,78,200. 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 detailed calculations.

Which Sub Registrar Office covers Devaraj Nagar 2nd Street?

The Sub Registrar Office that covers Devaraj Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor in property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Devaraj Nagar 2nd Street?

The current guideline value of Devaraj Nagar 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, reflecting a 64% overall increase.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur with the same guideline value of Rs 1,980 per sq.ft include Devaraj Nagar 2nd Main Road, Devaraj Nagar 3rd Street, and several others.

Where can I find the Sub Registrar Office for Devaraj Nagar 2nd Street?

The Sub Registrar Office for Devaraj Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated based on the guideline value?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.