Guideline Value for Devaraj Nagar Extension 1st Street

Devaraj Nagar Extension 1st Street guideline value

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

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

The guideline value for Devaraj Nagar Extension 1st Street has seen significant revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in 2023, marking a 49% rise. The current value of Rs 1,980 per sq.ft reflects a 10% increase from the 2023 figure.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

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 is Rs 1,980 per sq.ft, which is equal to the current value of Devaraj Nagar Extension 1st Street.

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

Stamp duty and registration fee for property in Devaraj Nagar Extension 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, making the total charges Rs 1,78,200. Please note that the 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 Devaraj Nagar Extension 1st Street?

The Sub Registrar Office that covers Devaraj Nagar Extension 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 an important factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the required taxes are collected by the government.

Frequently asked questions

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

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

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, rising from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft.

What are the stamp duty and registration fees for a property in Devaraj Nagar Extension 1st Street?

The stamp duty for a property valued at Rs 19,80,000 would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Devaraj Nagar Extension 1st Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Devaraj Nagar Extension 1st Street?

Devaraj Nagar Extension 1st Street is classified as Residential Class I Type - I.