Guideline Value for Devi Nagar & Extensions

Devi Nagar & Extensions guideline value

The current guideline value of Devi Nagar & Extensions is Rs 2,420 per sq.ft, effective from 1 July 2024. This area falls under Kunrathour-B village and is registered with the Kunrathur SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Devi Nagar & Extensions has changed

The guideline value for Devi Nagar & Extensions has seen significant changes over the years. The 2017 revision set the value at Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value among these streets is Rs 1,540 per sq.ft, positioning Devi Nagar & Extensions above this median.

• Devi Nagar 4th Street: Rs 2,420 per sq.ft (2024)
• Devi Nagar 3rd Street: Rs 2,420 per sq.ft (2024)
• Devi Nagar 2nd Street: Rs 2,420 per sq.ft (2024)
• Devi Nagar 1st Street: Rs 2,420 per sq.ft (2024)
• Dayalan Nagar: Rs 1,210 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Devi Nagar & Extensions

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees to Rs 2,17,800. 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 Devi Nagar & Extensions?

The Sub Registrar Office that covers Devi Nagar & Extensions is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in property transactions in Kunrathour-B. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official registry. This value is also important for legal purposes and helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Devi Nagar & Extensions?

The current guideline value for Devi Nagar & Extensions is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration office for Devi Nagar & Extensions?

The registration office for Devi Nagar & Extensions is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,20,000, the stamp duty at 7% would be Rs 1,69,400.

What is the land classification for Devi Nagar & Extensions?

The land classification for Devi Nagar & Extensions is Mixed Special Type - I, which is relevant for understanding the zoning and potential uses of the land.