Guideline Value for Devendra Nagar

Devendra Nagar guideline value

The current guideline value of Devendra Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Devendra Nagar has changed

The guideline value for Devendra Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. This lack of data means we can only consider the revisions from 2017 onwards for understanding the changes in the guideline value.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Devendra Nagar.

• Deva Nagar: Rs 700 per sq.ft (2024)
• Devakiammal Nagar: Rs 700 per sq.ft (2024)
• Dhanthondry Amman koil Street: Rs 1,000 per sq.ft (2024)
• C.V Raman Nagar: Rs 700 per sq.ft (2024)
• D.K. Nagar: Rs 700 per sq.ft (2024)
• D K Naidu Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Devendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, leading to a total of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devendra Nagar?

The Sub Registrar Office that covers Devendra Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Sriperumbudur A, the guideline value is used to determine the stamp duty and registration fees that must be paid during the transaction. This value is established by the local authorities and is crucial for ensuring that the appropriate taxes are collected during property transfers.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the overall cost of the transaction. Understanding this value helps in planning finances and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Devendra Nagar?

The current guideline value of Devendra Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, and increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase.

What is the land classification of Devendra Nagar?

Devendra Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Devendra Nagar located?

The Sub Registrar Office for Devendra Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.