Guideline Value for Devendra Nagar

Devendra Nagar guideline value

The current guideline value of Devendra Nagar is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under Kilambakkam village and is registered with the Gooduvancheri SRO. The land classification for this location is Mixed Special Type - I.

How the guideline value of Devendra Nagar has changed

Over the years, the guideline value of Devendra Nagar has seen several revisions. The earliest recorded value was Rs 1,000 per sq.ft in 2007, which increased to Rs 2,000 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 2,000 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 100%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. Devendra Nagar is positioned within this area, and there are no other streets in Kilambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Devendra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Devendra Nagar?

The Sub Registrar Office that covers Devendra Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the property registration process.

When a property is sold, the higher value between the guideline value and the actual sale price is used to calculate the stamp duty. 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 Devendra Nagar?

The current guideline value of Devendra Nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and finally returned to Rs 2,000 per sq.ft in 2023.

What is the land classification for Devendra Nagar?

The land classification for Devendra Nagar is Mixed Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Devendra Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, if the guideline value is Rs 20,00,000, the stamp duty at 7% would be Rs 1,40,000.