Guideline Value for Devi Nagar 2nd Street

Devi Nagar 2nd Street guideline value

The current guideline value of Devi Nagar 2nd Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Devi Nagar 2nd Street has changed

In the 2017 revision, the guideline value was Rs 1,474 per sq.ft. This increased to Rs 2,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value increase further to Rs 2,420 per sq.ft, which is 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for Devi Nagar 2nd Street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Devi Nagar 2nd Street's 2024 figure above this median.

• Devi Nagar 3rd Street: Rs 2,420 per sq.ft (2024)
• Devi Nagar 1st Street: Rs 2,420 per sq.ft (2024)
• Devi Nagar 4th Street: Rs 2,420 per sq.ft (2024)
• Devi Nagar & Extensions: 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 2nd Street

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 together 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devi Nagar 2nd Street?

The Sub Registrar Office that covers Devi Nagar 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Devi Nagar 2nd Street?

The current guideline value of Devi Nagar 2nd Street 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, reflecting an overall increase of 64%.

What are the other streets with the same guideline value in Kunrathour-B?

Other streets in Kunrathour-B with the same guideline value of Rs 2,420 per sq.ft include Devi Nagar 1st Street, Devi Nagar 3rd Street, Devi Nagar 4th Street, and Devi Nagar & Extensions.

What is the registration fee for property in Devi Nagar 2nd Street?

The registration fee for property in Devi Nagar 2nd Street is calculated at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the registration fee would be Rs 48,400.

Where can I find the Sub Registrar Office for Devi Nagar 2nd Street?

The Sub Registrar Office for Devi Nagar 2nd Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details online.