Guideline Value for Devarajalu Naidu Street

Devarajalu Naidu Street guideline value

The current guideline value of Devarajalu Naidu Street is Rs 4,900 per sq.ft. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Devarajalu Naidu Street has changed

The guideline value for Devarajalu Naidu Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this value dropped to Rs 3,015 per sq.ft in 2017. The next revision in 2023 raised it to Rs 4,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,900 per sq.ft.

Between the revisions, there were notable changes. From 2007 to 2012, the value increased by 350%. However, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and finally, it rose by 9% from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 390%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which is the same as the 2024 figure for Devarajalu Naidu Street.

• Devarajalu Naidu Lane: Rs 4,900 per sq.ft (2024)
• Dewan Bahadhur Shanmugam Street: Rs 4,900 per sq.ft (2024)
• Col. Sridhar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Chittam Krishnasamy Naidu Lane & Street: Rs 4,400 per sq.ft (2024)
• Chitaranjan Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)
• Chitaranjan Colony, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Devarajalu Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. It is important to note that the 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 Devarajalu Naidu Street?

The Sub Registrar Office that covers Devarajalu Naidu Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied, based on the higher of the guideline value or the actual sale price. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Devarajalu Naidu Street?

The current guideline value of Devarajalu Naidu Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 390% over the years.

What is the stamp duty rate for properties in Devarajalu Naidu Street?

The stamp duty rate for properties in Devarajalu Naidu Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Devarajalu Naidu Street?

The Sub Registrar Office for Devarajalu Naidu Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current guideline value for Devarajalu Naidu Street.