Guideline Value for Devaraj Pillai Cross St

Devaraj Pillai Cross St guideline value

The current guideline value of Devaraj Pillai Cross St is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Devaraj Pillai Cross St has changed

The guideline value for Devaraj Pillai Cross St has undergone several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2012 revision, before dropping to Rs 670 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft as per the 2024 revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was a 100% increase; however, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, from 2023 to 2024, it saw a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Devaraj Pillai Cross St is below this median.

• Devaraj Pillai Nagar: Rs 1,100 per sq.ft (2024)
• Devaki Nagar: Rs 1,100 per sq.ft (2024)
• Darma Thottam Erikarai Street: Rs 1,650 per sq.ft (2024)
• Darma Thottam 3rd Street: Rs 2,200 per sq.ft (2024)
• Darma Thottam 2nd Street (Bharathidasan Street): Rs 2,530 per sq.ft (2024)
• Darma Thottam 1st Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Pillai Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devaraj Pillai Cross St?

The Sub Registrar Office that covers Devaraj Pillai Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Irumpuliyur. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Devaraj Pillai Cross St?

The current guideline value of Devaraj Pillai Cross St is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen multiple revisions, increasing from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 120%.

What is the land classification of Devaraj Pillai Cross St?

Devaraj Pillai Cross St is classified as Residential Class I Type - III.

What are some other streets in Irumpuliyur and their guideline values?

Other streets in Irumpuliyur include Devaraj Pillai Nagar and Devaki Nagar, both at Rs 1,100 per sq.ft, as well as Darma Thottam Erikarai Street at Rs 1,650 per sq.ft, among others.

Where can I find the Sub Registrar Office for Devaraj Pillai Cross St?

The Sub Registrar Office for Devaraj Pillai Cross St is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office falls under the Chengalpattu registration zone.