Guideline Value for Devaraj Nagar Extension 3rd Street

Devaraj Nagar Extension 3rd Street guideline value

The current guideline value of Devaraj Nagar Extension 3rd 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 3rd Street has changed

The guideline value for Devaraj Nagar Extension 3rd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 1,800 per sq.ft. Looking back further, the 2017 revision recorded a value of Rs 1,206 per sq.ft, marking a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. This lack of data means we cannot assess any changes during those years.

Guideline values in Anakaputhur

In Anakaputhur, there are a total of 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 value for these streets is Rs 1,980 per sq.ft, which aligns with the current guideline value for Devaraj Nagar Extension 3rd Street.

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

Stamp duty and registration fee for property in Devaraj Nagar Extension 3rd 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 for these fees to 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devaraj Nagar Extension 3rd Street?

The Devaraj Nagar Extension 3rd Street falls under the jurisdiction of 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 as it determines the stamp duty and registration fees payable during the registration process. When a property is sold, the buyer must pay these fees based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Understanding the guideline value helps buyers and sellers navigate the registration process more effectively. It is essential to be aware of the current rates and any revisions to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Devaraj Nagar Extension 3rd Street?

The current guideline value of Devaraj Nagar Extension 3rd 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 total increase of 64% over the seven-year period.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Devaraj Nagar Extension 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

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

Other streets in Anakaputhur with the same guideline value of Rs 1,980 per sq.ft include Devaraj Nagar Extension 1st Street, Devaraj Nagar Extension 2nd Street, and several others listed in the local register.