Guideline Value for New Devaraj Garden

New Devaraj Garden guideline value

The current guideline value of New Devaraj Garden is Rs 1,000 per sq.ft. This area is located in Kolapakkam village, under the Gooduvancheri SRO, and is classified as Commercial Class I Type - II.

How the guideline value of New Devaraj Garden has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the guideline value increased to Rs 1,000 per sq.ft again, resulting in a significant rise of 49% from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,000 per sq.ft.

The register does not have figures for the years 2002, 2003, 2007, and 2024 for this street. Therefore, only the revisions from 2012, 2017, and 2023 are relevant for understanding the changes in guideline value.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. The New Devaraj Garden guideline value is part of the overall guideline values in Kolapakkam. There are no other streets in Kolapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in New Devaraj Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It's important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers New Devaraj Garden?

The New Devaraj Garden area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Kolapakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the costs associated with property transactions. Ensuring that the correct guideline value is applied helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of New Devaraj Garden?

The current guideline value of New Devaraj Garden is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, which was a decrease of 33%. However, it increased back to Rs 1,000 per sq.ft in 2023, resulting in a 49% increase from the 2017 figure.

What are the stamp duty and registration fees for property in New Devaraj Garden?

For a property with a guideline value of Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%, and the registration fee would be Rs 20,000 at 2%, totaling Rs 90,000.

Which Sub Registrar Office covers New Devaraj Garden?

The Gooduvancheri Sub Registrar Office covers New Devaraj Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Kolapakkam with guideline values?

No specific figures for other streets in Kolapakkam are available under the Gooduvancheri SRO, and currently, New Devaraj Garden is the only street mentioned.