Guideline Value for Devaraj Nagar Arunagiri Nathar Street

Devaraj Nagar Arunagiri Nathar Street guideline value

The current guideline value of Devaraj Nagar Arunagiri Nathar 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 is classified as Residential Class I Type - I.

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

The guideline value for Devaraj Nagar Arunagiri Nathar Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This value saw a significant increase of 49% to Rs 1,800 per sq.ft in 2023. The most recent revision in 2024 has further increased the value by 10%, bringing it to Rs 1,980 per sq.ft.

There are no recorded figures 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 have a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is the same as the current value for Devaraj Nagar Arunagiri Nathar Street.

• Devaraj Nagar Arunagiri Nathar 1st 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 3rd 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 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, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devaraj Nagar Arunagiri Nathar Street?

The Sub Registrar Office that covers Devaraj Nagar Arunagiri Nathar 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 critical factor during property registration in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property transaction. It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction process.

Frequently asked questions

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

The current guideline value of Devaraj Nagar Arunagiri Nathar 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 represents an overall increase of 64% from 2017 to 2024.

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

Devaraj Nagar Arunagiri Nathar Street is classified as Residential Class I Type - I.

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.