Guideline Value for Devaraj Nagar Arunagiri Nathar 1st Street

Devaraj Nagar Arunagiri Nathar 1st Street guideline value

The current guideline value of Devaraj Nagar Arunagiri Nathar 1st Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Devaraj Nagar Arunagiri Nathar 1st Street has changed

The guideline value for Devaraj Nagar Arunagiri Nathar 1st Street has seen several revisions over the years. The register shows that in 2017, the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is equal to the guideline value of Devaraj Nagar Arunagiri Nathar 1st Street.

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

Stamp duty and registration fee for property in Devaraj Nagar Arunagiri Nathar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. 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 Devaraj Nagar Arunagiri Nathar 1st Street?

The Sub Registrar Office that covers Devaraj Nagar Arunagiri Nathar 1st 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 when registering property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value helps in assessing the fair value of the property for taxation purposes. It is essential for both parties involved in the transaction to understand how the guideline value impacts their financial obligations during the sale.

Frequently asked questions

What is the current guideline value of Devaraj Nagar Arunagiri Nathar 1st Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for this street?

The Pammal Sub Registrar Office handles property registrations for Devaraj Nagar Arunagiri Nathar 1st Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Devaraj Nagar Arunagiri Nathar 1st Street?

Devaraj Nagar Arunagiri Nathar 1st Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.