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Guideline Value

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Guideline Value for DEVARAJ NAGAR - Navalar Nedunchezhian Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - Navalar Nedunchezhian 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 - Navalar Nedunchezhian Street

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DEVARAJ NAGAR - Navalar Nedunchezhian Street guideline value

The current guideline value for DEVARAJ NAGAR - Navalar Nedunchezhian 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 - Navalar Nedunchezhian Street has changed

The guideline value for DEVARAJ NAGAR - Navalar Nedunchezhian Street has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,350 per sq.ft. This figure saw a significant increase to Rs 4,500 per sq.ft in 2012, marking a rise of 233%. However, the value decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 4,500 per sq.ft in 2023, reflecting a substantial increase of 49%. The current revision in 2024 has set the guideline value at Rs 4,950 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing DEVARAJ NAGAR - Navalar Nedunchezhian Street above this median.

Stamp duty and registration fee for property in DEVARAJ NAGAR - Navalar Nedunchezhian 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, calculated at 7%, would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000. Together, these fees total 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers DEVARAJ NAGAR - Navalar Nedunchezhian Street?

The DEVARAJ NAGAR - Navalar Nedunchezhian 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 registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How much 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, representing an overall increase of 267% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles the registration for DEVARAJ NAGAR - Navalar Nedunchezhian Street?

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

What is the land classification for DEVARAJ NAGAR - Navalar Nedunchezhian Street?

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