Guideline Value for Durgadevi Nagar 5th Street

Durgadevi Nagar 5th Street guideline value

The current guideline value of Durgadevi Nagar 5th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Durgadevi Nagar 5th Street has changed

The register has no figure for Durgadevi Nagar 5th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is for 2024, which sets the guideline value at Rs 1,300 per sq.ft.

There have been no changes between the revisions above, as the only figure available is from the 2024 revision.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Durgadevi Nagar 5th Street's 2024 figure below that median.

• Durga Devi Nagar 4th cross Street: Rs 1,300 per sq.ft (2024)
• Durgadevi Nagar 6th Steet: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 3rd cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Durga Devi Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)
• East Kalmandapam Road: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Durgadevi Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 Durgadevi Nagar 5th Street?

The Durgadevi Nagar 5th Street falls under the Royapuram Sub Registrar Office. The address is 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that all transactions are recorded fairly and accurately in the official registry.

Frequently asked questions

What is the current guideline value of Durgadevi Nagar 5th Street?

The current guideline value of Durgadevi Nagar 5th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The register has no figure for Durgadevi Nagar 5th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the land classification for Durgadevi Nagar 5th Street?

The land classification for Durgadevi Nagar 5th Street is Residential Class II Type - I.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Durgadevi Nagar 5th Street?

Stamp duty for properties in Durgadevi Nagar 5th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.