Guideline Value for Devimuthu Nagar

Devimuthu Nagar guideline value

The current guideline value of Devimuthu Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 804 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Devimuthu Nagar has changed

The guideline value for Devimuthu Nagar has remained consistent across several revisions. In the 2017 revision, the guideline value was Rs 804 per sq.ft, which was unchanged in the 2023 revision. The 2024 revision also reflects a guideline value of Rs 804 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has not changed, maintaining a steady rate of Rs 804 per sq.ft.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Devimuthu Nagar's 2024 figure below that median.

• Crist Colony (Thiruvalluar street): Rs 990 per sq.ft (2024)
• Crist Colony ( N.D.Salaman Street): Rs 990 per sq.ft (2024)
• Crist Colony ( Dr.Abdulkalam Road): Rs 990 per sq.ft (2024)
• Crist Colony (Annai Thearasa Main Road): Rs 990 per sq.ft (2024)
• Crist Colony (Annai Thearasa 1 to 6 Cross Street): Rs 990 per sq.ft (2024)
• Church Street (Natham): Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Devimuthu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value would be Rs 8,04,000. The stamp duty at 7% would amount to Rs 56,280, while the registration fee at 2% would be Rs 16,080. Together, these fees would total Rs 72,360. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Devimuthu Nagar?

The Sub Registrar Office that covers Devimuthu Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property in Kovilpathagai, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations involved in the transaction. Ensuring compliance with the guideline value helps facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Devimuthu Nagar?

The current guideline value of Devimuthu Nagar is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Devimuthu Nagar has remained at Rs 804 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for Devimuthu Nagar?

The land classification for Devimuthu Nagar is Mixed Type - II.

What are the stamp duty and registration fees for property in Devimuthu Nagar?

For a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 8,04,000. The stamp duty would be Rs 56,280, and the registration fee would be Rs 16,080, totaling Rs 72,360.

Which office handles registrations for properties in Devimuthu Nagar?

The Ambattur Sub Registrar Office handles registrations for properties in Devimuthu Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.