Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR Main Road

₹5500/sq.ft.

The guideline value for Devaraj Nagar Main Road in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1203 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1101 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Devaraj Nagar Main Road

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DEVARAJ NAGAR Main Road guideline value

The current guideline value of DEVARAJ NAGAR Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of DEVARAJ NAGAR Main Road has changed

The guideline value for DEVARAJ NAGAR Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 1,101 per sq.ft. This increased to Rs 1,203 per sq.ft in 2003, followed by a rise to Rs 1,350 per sq.ft in 2007. The value then jumped significantly to Rs 5,000 per sq.ft in 2012, before decreasing to Rs 3,350 per sq.ft in 2017. The value further increased to Rs 5,000 per sq.ft in 2023, and finally, it is set at Rs 5,500 per sq.ft from the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 400%. The changes between the revisions include a 12% increase from 2003 to 2007, a 270% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, making the current value of DEVARAJ NAGAR Main Road above the median.

Stamp duty and registration fee for property in DEVARAJ NAGAR Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers DEVARAJ NAGAR Main Road?

The Sub Registrar Office that covers DEVARAJ NAGAR Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of DEVARAJ NAGAR Main Road?

The current guideline value of DEVARAJ NAGAR Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,101 in 2002 to Rs 5,500 in 2024, reflecting a total increase of 400% over the years.

What is the median guideline value in Saligramam?

The median guideline value in Saligramam is Rs 4,400 per sq.ft, with DEVARAJ NAGAR Main Road's current value being above this median.

Where can I find the Sub Registrar Office for DEVARAJ NAGAR Main Road?

The Sub Registrar Office for DEVARAJ NAGAR Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in DEVARAJ NAGAR Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at a rate of 7%.