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Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR - Durairaj Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - Durairaj 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 - Durairaj Street

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DEVARAJ NAGAR - Durairaj Street guideline value

The current guideline value of DEVARAJ NAGAR - Durairaj 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 - Durairaj Street has changed

The guideline value for DEVARAJ NAGAR - Durairaj Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,350 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value surged again to Rs 4,500 per sq.ft in 2023 and is currently set at Rs 4,950 per sq.ft from the 2024 revision, representing a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%.

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 - Durairaj Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers DEVARAJ NAGAR - Durairaj Street?

The DEVARAJ NAGAR - Durairaj 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 is a crucial factor in the registration process of property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value affects the costs involved, including stamp duty and registration fees. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

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

The current guideline value of DEVARAJ NAGAR - Durairaj 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, showing an overall increase of 267% over the years.

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

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

Which office handles registrations for DEVARAJ NAGAR - Durairaj Street?

The Virugambakkam Sub Registrar Office handles registrations for DEVARAJ NAGAR - Durairaj Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in DEVARAJ NAGAR - Durairaj Street?

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