Guideline Value for SRI DEVANATHAN NAGAR

Sri Devanathan Nagar guideline value

The current guideline value of Sri Devanathan Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Chettipunniyam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Devanathan Nagar has changed

Over the years, the guideline value of Sri Devanathan Nagar has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to Rs 900 per sq.ft. The 2024 revision also maintains this value at Rs 900 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions of 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 shows an increase of 0%, indicating stability in the guideline value during this period.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft, with a median value of Rs 900 per sq.ft. The guideline value for Sri Devanathan Nagar aligns with this median.

• Sri Desikan Nagar: Rs 900 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 1,200 per sq.ft (2024)
• Sri Ganapathy Nagar Extension-II: Rs 1,200 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 3: Rs 900 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 5: Rs 900 per sq.ft (2024)
• Sri Ambujammal Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devanathan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. 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 Sri Devanathan Nagar?

The Sub Registrar Office that covers Sri Devanathan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Chettipunniyam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the transaction is documented at a value recognized by the state, which helps in maintaining transparency in property dealings.

When buying or selling property, the guideline value serves as a benchmark for assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sri Devanathan Nagar?

The current guideline value of Sri Devanathan Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023. The value was Rs 603 per sq.ft in 2017 and has not changed since then.

What are the other streets with guideline values in Chettipunniyam?

Other streets in Chettipunniyam include Sri Desikan Nagar, Sri Ganapathi Nagar, and Sri Hayagrivar Nagar, among others, with values ranging from Rs 900 to Rs 1,200 per sq.ft in 2024.

How is stamp duty calculated for properties in Sri Devanathan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 900 per sq.ft, the stamp duty would be Rs 63,000.

Where can I find the Sub Registrar Office for Sri Devanathan Nagar?

The Chengleput Joint II Sub Registrar Office covers Sri Devanathan Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.