Guideline Value for Devaraj Nagar Extension

Devaraj Nagar Extension guideline value

The current guideline value of Devaraj Nagar Extension in Nedunkumdram village is Rs 1,430 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Devaraj Nagar Extension has changed

The guideline value for Devaraj Nagar Extension has undergone significant changes over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 871 per sq.ft. In the 2024 revision, this value increased to Rs 1,430 per sq.ft, marking a change of +64% from the previous figure.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street, indicating that the guideline value has only been officially updated in 2017 and 2024.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, placing Devaraj Nagar Extension's current value below the median.

• Devaraj Nagar I to IV: Rs 1,430 per sq.ft (2024)
• Devaraj Nagar: Rs 1,430 per sq.ft (2024)
• Divya Garden: Rs 330 per sq.ft (2024)
• Chennai-2 Green City Phase-I: Rs 1,110 per sq.ft (2024)
• Easton Enclave: Rs 4,600 per sq.ft (2024)
• Casagrand Vistaaz: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total fees to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devaraj Nagar Extension?

The Sub Registrar Office that covers Devaraj Nagar Extension is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Nedunkumdram

The guideline value is a crucial factor in the registration process when buying or selling property in Nedunkumdram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the government. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Devaraj Nagar Extension?

The current guideline value of Devaraj Nagar Extension is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft, representing a change of +64%.

Are there any years with no recorded guideline value for Devaraj Nagar Extension?

Yes, there are no recorded guideline values for the years 2023, 2012, 2007, 2003, and 2002 for Devaraj Nagar Extension.

What is the median guideline value in Nedunkumdram?

The median guideline value in Nedunkumdram is Rs 2,200 per sq.ft, which means that Devaraj Nagar Extension's current value is below this median.

How is the stamp duty calculated for properties in Devaraj Nagar Extension?

The stamp duty for properties in Devaraj Nagar Extension is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 1,28,700.