Guideline Value for Devaraj Naikkar Street

Devaraj Naikkar Street guideline value

The current guideline value of Devaraj Naikkar Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Devaraj Naikkar Street has changed

The guideline value for Devaraj Naikkar Street has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision also maintains this value at Rs 1,200 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Devaraj Naikkar Street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Devaraj Naikkar Street's 2024 figure below that median.

• Devi Nagar: Rs 1,100 per sq.ft (2024)
• Defence Colony: Rs 1,500 per sq.ft (2024)
• Dharmaraja Street: Rs 1,100 per sq.ft (2024)
• Chirpi Naagar I & II: Rs 1,500 per sq.ft (2024)
• Chellappa Colony: Rs 2,001 per sq.ft (2024)
• Ekambaram Nagar: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Naikkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. The duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Devaraj Naikkar Street?

The Sub Registrar Office that covers Devaraj Naikkar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the fees are calculated based on the higher value between the guideline value and the sale price. This ensures that the appropriate taxes are levied according to the established rates in the region.

Frequently asked questions

What is the current guideline value of Devaraj Naikkar Street?

The current guideline value of Devaraj Naikkar Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and remains the same in 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, with rates ranging from Rs 1,100 to Rs 2,001 per sq.ft as of 2024. Devaraj Naikkar Street's value is below the median of Rs 1,500 per sq.ft.

What fees are associated with buying property in Devaraj Naikkar Street?

The fees for buying property include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000.

Where can I find the Sub Registrar Office for Devaraj Naikkar Street?

The Sub Registrar Office for Devaraj Naikkar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.