Guideline Value for Devarajan Nagar

Devarajan Nagar guideline value

The current guideline value of Devarajan Nagar, located in Sekkadu village under the Avadi SRO, is Rs 1,075 per sq.ft, effective from 1 July 2024. This area falls under Residential Class II Type - II land classification.

How the guideline value of Devarajan Nagar has changed

The guideline value for Devarajan Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,075 per sq.ft, marking an 8% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 8%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu village, there are 56 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. Devarajan Nagar's current guideline value is below this median.

• Defence Colony: Rs 1,075 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar Annuxe: Rs 1,320 per sq.ft (2024)
• C.S.I. School Street: Rs 1,320 per sq.ft (2024)
• Driver's Colony: Rs 1,320 per sq.ft (2024)
• D.R.P. Nagar: Rs 2,250 per sq.ft (2024)

Stamp duty and registration fee for property in Devarajan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total fees to Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devarajan Nagar?

The Sub Registrar Office that covers Devarajan Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Sekkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When you register a property, the guideline value helps ensure that the transaction reflects a fair valuation for tax purposes. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Devarajan Nagar?

The current guideline value of Devarajan Nagar is Rs 1,075 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,000 to Rs 1,075 per sq.ft in 2024, reflecting an overall increase of 8% over this period.

What is the land classification for Devarajan Nagar?

Devarajan Nagar is classified as Residential Class II Type - II, indicating its designation for residential use.

What are the stamp duty rates applicable in Devarajan Nagar?

The stamp duty rate applicable in Devarajan Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Devarajan Nagar?

The Avadi Sub Registrar Office handles property registrations for Devarajan Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.