Guideline Value for Devaraj Nagar

Devaraj Nagar guideline value

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

How the guideline value of Devaraj Nagar has changed

The guideline value of Devaraj Nagar has seen significant changes over the years. The earliest recorded revision in 2003 set the value at Rs 271 per sq.ft. This figure rose to Rs 425 per sq.ft in 2007, marking an increase of 57%. The next revision in 2017 saw a substantial jump to Rs 1,206 per sq.ft, reflecting a 184% increase from 2007. In 2023, the guideline value reached Rs 1,800 per sq.ft, which was a 49% rise from 2017. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 631%.

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 current value for Devaraj Nagar.

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

Stamp duty and registration fee for property in Devaraj Nagar

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, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Devaraj Nagar?

The Devaraj Nagar area 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 details.

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

The guideline value is a crucial factor during property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. The guideline value serves as a reference point for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Devaraj Nagar?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 271 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 631%.

What is the land classification for Devaraj Nagar?

Devaraj Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

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

How is stamp duty calculated in Devaraj Nagar?

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