Guideline Value for Devi Green Farms

Devi Green Farms guideline value

The current guideline value of Devi Green Farms is Rs 175 per sq.ft, effective from 1 July 2024. This property is located in Nandimedu village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Devi Green Farms has changed

The guideline value for Devi Green Farms has seen several revisions over the years. In 2012, the value was Rs 175 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 117 per sq.ft. This was a drop of 33%. The value then increased by 50% in 2023 to Rs 175 per sq.ft, where it remained for the 2024 revision as well, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 175 per sq.ft.

Guideline values in Nandimedu

Nandimedu village has 10 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft. The median value for these streets is Rs 191 per sq.ft, placing Devi Green Farms below this median.

• Kamathenu Farms: Rs 175 per sq.ft (2024)
• Mariamman koil kuruku street: Rs 175 per sq.ft (2024)
• Mariamman koil street: Rs 175 per sq.ft (2024)
• Pallikuda Theru: Rs 250 per sq.ft (2024)
• Periya Theru: Rs 250 per sq.ft (2024)
• Perumal koil street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Green Farms

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, making the total fees Rs 15,750. Note that 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 more details.

Which Sub Registrar Office covers Devi Green Farms?

The Sub Registrar Office covering Devi Green Farms is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nandimedu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value of the property being transacted.

When a property is bought or sold, the guideline value is referenced to determine the applicable fees. This process helps maintain transparency in real estate transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Devi Green Farms?

The current guideline value of Devi Green Farms is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 175 per sq.ft from 2012 to 2024, with a decrease to Rs 117 per sq.ft in 2017 and an increase back to Rs 175 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Devi Green Farms?

For a property valued at Rs 1,75,000, the stamp duty is Rs 12,250 and the registration fee is Rs 3,500, totaling Rs 15,750.

Which office handles property registration for Devi Green Farms?

The Sunguvarchattram Sub Registrar Office handles property registration for Devi Green Farms, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the median guideline value for streets in Nandimedu?

The median guideline value for streets in Nandimedu is Rs 191 per sq.ft, with Devi Green Farms below this median at Rs 175 per sq.ft.