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Guideline Value

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Guideline Value for DEVARAJ NAGAR - Kulasekaran Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - Kulasekaran 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 - Kulasekaran Street

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DEVARAJ NAGAR - Kulasekaran Street guideline value

The current guideline value for DEVARAJ NAGAR - Kulasekaran 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 - Kulasekaran Street has changed

The guideline value for DEVARAJ NAGAR - Kulasekaran Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,350 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 233%. However, by 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,950 per sq.ft in 2024, which is an increase of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Saligramam

Within 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. The median guideline value for these streets is Rs 4,400 per sq.ft, placing DEVARAJ NAGAR - Kulasekaran Street's 2024 figure above this median.

Stamp duty and registration fee for property in DEVARAJ NAGAR - Kulasekaran 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, and the registration fee at 2% would be Rs 99,000, bringing the total cost together to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers DEVARAJ NAGAR - Kulasekaran Street?

The Sub Registrar Office that covers DEVARAJ NAGAR - Kulasekaran Street 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 when registering properties in Saligramam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buyers and sellers agree on a sale price, the guideline value is used to calculate applicable stamp duty and registration fees. This helps to standardize costs and ensure that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

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

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

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

Where is the Sub Registrar Office for this street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

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