Guideline Value for Devendira Nagar

Devendira Nagar guideline value

The current guideline value of Devendira Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Devendira Nagar has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This value decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the guideline value increased significantly to Rs 900 per sq.ft in the 2023 revision and then rose to Rs 990 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows an increase of 10% in the guideline value.

Guideline values in Nandambakkam

Nandambakkam village has 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing Devendira Nagar's 2024 figure above that median.

• Devendra Nagar: Rs 990 per sq.ft (2024)
• Devendra Nagar Extension: Rs 990 per sq.ft (2024)
• Dharmaraja Nagar: Rs 770 per sq.ft (2024)
• Ganapathy Nagar: Rs 990 per sq.ft (2024)
• Gandhi Nagar: Rs 990 per sq.ft (2024)
• Balaji Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Devendira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Devendira Nagar?

The Sub Registrar Office that covers Devendira Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Nandambakkam, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value is set by the government and reflects the minimum value at which properties can be registered.

It is important to note that the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Devendira Nagar?

The current guideline value of Devendira Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 900 per sq.ft in 2012, decreasing to Rs 603 per sq.ft in 2017, and then increasing to Rs 990 per sq.ft in 2024.

What is the land classification of Devendira Nagar?

Devendira Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Devendira Nagar?

The Sub Registrar Office for Devendira Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated in Nandambakkam?

Stamp duty in Nandambakkam is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.