Guideline Value for Devarajan Nagar

Devarajan Nagar guideline value

The current guideline value of Devarajan Nagar is Rs 1,150 per sq.ft. This area is located in Kilambakkam village under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of Devarajan Nagar has changed

The guideline value of Devarajan Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 450 per sq.ft, which increased significantly to Rs 1,150 per sq.ft in 2012. However, it dropped to Rs 770 per sq.ft in the 2017 revision. The most recent revision in 2023 set the guideline value back to Rs 1,150 per sq.ft.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The value saw a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 156%. Overall, from 2007 to 2023, the guideline value has increased by 156%.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. Devarajan Nagar is part of the Gooduvancheri SRO, and there are no other streets in Kilambakkam listed under this SRO.

Stamp duty and registration fee for property in Devarajan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,150 per sq.ft, the guideline value amounts to Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, and the registration fee at 2% would be Rs 23,000, bringing the total to Rs 1,03,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devarajan Nagar?

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

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

The guideline value is a crucial factor in property transactions in Kilambakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties and fees. It ensures that the registration process is standardized and transparent, reflecting the value of the property in the region.

Frequently asked questions

What is the current guideline value of Devarajan Nagar?

The current guideline value of Devarajan Nagar is Rs 1,150 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,150 per sq.ft in 2012, then decreased to Rs 770 per sq.ft in 2017, and returned to Rs 1,150 per sq.ft in 2023.

What is the stamp duty for property in Devarajan Nagar?

The stamp duty for property in Devarajan Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 80,500.

Which office handles property registrations in Devarajan Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Devarajan Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values in the area.