Guideline Value for Devasahayam Street

Devasahayam Street guideline value

The current guideline value of Devasahayam Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Devasahayam Street has changed

The guideline value for Devasahayam Street has seen several revisions over the years. In 2002, the value was Rs 218 per sq.ft, which increased to Rs 269 per sq.ft in 2003, marking a change of +23%. Following this, the value rose to Rs 400 per sq.ft in 2007, reflecting a significant increase of +49%. In 2012, the guideline value was Rs 800 per sq.ft, which was a +100% increase from the previous figure. However, it then dropped to Rs 536 per sq.ft in 2017, showing a decrease of -33%. The value was Rs 800 per sq.ft again in 2023, before reaching the current rate of Rs 880 per sq.ft in 2024, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +304%. There are no figures available for the revisions in the years not mentioned in the register for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Devasahayam Street's current figure below this median.

• Devasahayam Nagar: Rs 880 per sq.ft (2024)
• Devaraj Pillai Street: Rs 4,400 per sq.ft (2024)
• Devaraj Pillai cross Street: Rs 3,300 per sq.ft (2024)
• Dhanabal Street: Rs 2,200 per sq.ft (2024)
• Deivanagar Main Road: Rs 3,300 per sq.ft (2024)
• Deivanagar 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Devasahayam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devasahayam Street?

The Sub Registrar Office that covers Devasahayam Street 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 additional information.

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

The guideline value plays a crucial role during property transactions in Tambaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated accurately based on the current rates.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of property transactions. The guideline value is updated periodically, reflecting changes in the real estate market and ensuring that property valuations remain relevant.

Frequently asked questions

What is the current guideline value of Devasahayam Street?

The current guideline value of Devasahayam Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 218 per sq.ft in 2002 to Rs 880 per sq.ft in 2024, showing an overall increase of +304% over the years.

What are the stamp duty and registration fees for property in Devasahayam Street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 79,200, which includes stamp duty and registration fees calculated based on the guideline value.

Which Sub Registrar Office covers this street?

The Tambaram Joint 1 Sub Registrar Office covers Devasahayam Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Devasahayam Street?

Devasahayam Street is classified as Residential Class II Type - II, indicating its designation for residential use within the local planning framework.