Guideline Value

Corporate

Guideline Value for DEVARAJ AVENUE 1st CROSS STREET

₹2800/sq.ft.

The guideline value for Devaraj Avenue 1st Cross Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Avenue 1st Cross Street

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DEVARAJ AVENUE 1st CROSS STREET guideline value

The current guideline value of DEVARAJ AVENUE 1st CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of DEVARAJ AVENUE 1st CROSS STREET has changed

The guideline value for DEVARAJ AVENUE 1st CROSS STREET has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value rose significantly to Rs 2,500 per sq.ft in the 2023 revision, and further increased to Rs 2,800 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 12% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, and DEVARAJ AVENUE 1st CROSS STREET's 2024 figure is below that median.

Stamp duty and registration fee for property in DEVARAJ AVENUE 1st CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. 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 AVENUE 1st CROSS STREET?

The DEVARAJ AVENUE 1st CROSS STREET falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Okkiyamthuraipakkam. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the transaction is officially recorded at a recognized value.

When buying or selling property, the guideline value helps both parties understand the official worth of the property. This ensures transparency in the transaction process and helps in determining the applicable taxes and fees.

Frequently asked questions

What is the current guideline value of DEVARAJ AVENUE 1st CROSS STREET?

The current guideline value of DEVARAJ AVENUE 1st CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for DEVARAJ AVENUE 1st CROSS STREET?

DEVARAJ AVENUE 1st CROSS STREET is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers this area?

The Neelankarai Sub Registrar Office covers DEVARAJ AVENUE 1st CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.