Guideline Value for Devarj Nagar Extn.,

Devarj Nagar Extn., guideline value

The current guideline value of Devarj Nagar Extn., is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Devarj Nagar Extn., has changed

Since the 2003 revision, the guideline value for Devarj Nagar Extn., has seen significant changes. In 2003, the value was Rs 168 per sq.ft, which increased to Rs 425 per sq.ft in 2007, marking an increase of 153%. The 2017 revision brought the value to Rs 1,206 per sq.ft, a substantial rise of 184%. The 2023 revision further increased the value to Rs 1,800 per sq.ft, reflecting a 49% change. The current value of Rs 1,980 per sq.ft from the 2024 revision represents a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1079%. The register does not have figures for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, which is equal to the guideline value of Devarj Nagar Extn. Below are other streets in Anakaputhur:

• Devaraj Street: Rs 1,760 per sq.ft (2024)
• Devaraj Nagar Pandiyan Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Extension 3rd Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Extension 2nd Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Extension 1st Street: Rs 1,980 per sq.ft (2024)
• Devaraj Nagar Arunagiri Nathar Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Devarj Nagar Extn.,

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost Rs 1,78,200. 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 Devarj Nagar Extn.,?

The Sub Registrar Office that covers Devarj Nagar Extn., is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure they are informed about the latest revisions to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Devarj Nagar Extn.,?

The current guideline value of Devarj Nagar Extn., is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 168 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1079% over this period.

What are the other streets in Anakaputhur with their guideline values?

Other streets in Anakaputhur include Devaraj Street at Rs 1,760 per sq.ft, and several streets in Devaraj Nagar Extension, all valued at Rs 1,980 per sq.ft in 2024.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated in relation to the guideline value?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, if the guideline value is Rs 19,80,000, the stamp duty would be calculated on this amount if it is higher than the sale price.