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Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR - Alagappan Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - Alagappan Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
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)

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 - Alagappan Street

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DEVARAJ NAGAR - Alagappan Street guideline value

The current guideline value for DEVARAJ NAGAR - Alagappan Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of DEVARAJ NAGAR - Alagappan Street has changed

The guideline value for DEVARAJ NAGAR - Alagappan Street has seen several revisions over the years. Starting from Rs 1,350 per sq.ft in 2007, it increased significantly to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 4,950 per sq.ft in 2024.

In terms of percentage changes, the value increased by 233% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 is an increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for DEVARAJ NAGAR - Alagappan Street is above this median.

Stamp duty and registration fee for property in DEVARAJ NAGAR - Alagappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers DEVARAJ NAGAR - Alagappan Street?

The DEVARAJ NAGAR - Alagappan Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the property registration process in Saligramam. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers need to be aware of the current guideline value to ensure accurate financial planning.

When a property is bought or sold, the guideline value is referenced to determine the minimum value at which the property can be registered. This helps maintain transparency in property transactions and ensures that the government receives the appropriate taxes from property sales.

Frequently asked questions

What is the current guideline value of DEVARAJ NAGAR - Alagappan Street?

The current guideline value of DEVARAJ NAGAR - Alagappan Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 267% over this period.

What is the land classification for DEVARAJ NAGAR - Alagappan Street?

The land classification for DEVARAJ NAGAR - Alagappan Street is Residential Class I Type - I.

Which Sub Registrar Office should I visit for transactions in DEVARAJ NAGAR?

The Virugambakkam Sub Registrar Office covers DEVARAJ NAGAR - Alagappan Street. It is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in DEVARAJ NAGAR?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 at a rate of 7%.