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Guideline Value for DEVARAJ NAGAR - Anantharama Krishnan Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - Anantharama Krishnan 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 - Anantharama Krishnan Street

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DEVARAJ NAGAR - Anantharama Krishnan Street guideline value

The current guideline value for DEVARAJ NAGAR - Anantharama Krishnan Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of DEVARAJ NAGAR - Anantharama Krishnan Street has changed

Over the years, the guideline value for DEVARAJ NAGAR - Anantharama Krishnan Street has seen several revisions. The 2007 revision recorded a value of Rs 1,350 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 233% rise. However, the value then dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, before the latest increase to Rs 4,950 per sq.ft in 2024, which is a 10% increase from the previous year. There are no figures available for the years 2002 and 2003 in the register for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 267%, showcasing significant changes over the years.

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 - Anantharama Krishnan Street is above this median.

Stamp duty and registration fee for property in DEVARAJ NAGAR - Anantharama Krishnan 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, bringing the total to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers DEVARAJ NAGAR - Anantharama Krishnan Street?

The DEVARAJ NAGAR - Anantharama Krishnan Street is covered by 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 plays a crucial role in the registration of properties in Saligramam. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value serves as a benchmark for the transaction, ensuring that the appropriate taxes are collected based on the property’s worth.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for DEVARAJ NAGAR - Anantharama Krishnan Street?

The current guideline value for DEVARAJ NAGAR - Anantharama Krishnan 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 significantly from Rs 1,350 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, which is an overall increase of 267% over the years.

What was the guideline value in 2023?

In 2023, the guideline value for DEVARAJ NAGAR - Anantharama Krishnan Street was Rs 4,500 per sq.ft.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering DEVARAJ NAGAR - Anantharama Krishnan Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

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