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Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR - Raja Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - Raja 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 - Raja Street

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DEVARAJ NAGAR - Raja Street guideline value

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

The guideline value for DEVARAJ NAGAR - Raja Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,350 per sq.ft. It increased to Rs 4,500 per sq.ft in 2012, marking a rise of 233%. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The value then rose significantly to Rs 4,500 per sq.ft in 2023, followed by a further increase to Rs 4,950 per sq.ft in 2024, which is a 10% rise from the previous year.

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

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which means DEVARAJ NAGAR - Raja Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in DEVARAJ NAGAR - Raja 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 for these charges to Rs 4,45,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers DEVARAJ NAGAR - Raja Street?

The Sub Registrar Office that covers DEVARAJ NAGAR - Raja Street is 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 is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government collects the necessary revenue while also protecting buyers from undervalued transactions.

Frequently asked questions

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

The current guideline value of DEVARAJ NAGAR - Raja 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, an overall increase of 267%.

Which Sub Registrar Office covers DEVARAJ NAGAR - Raja Street?

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

What are the stamp duty and registration fees for property 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.

What is the median guideline value in Saligramam?

The median guideline value in Saligramam is Rs 4,400 per sq.ft, with DEVARAJ NAGAR - Raja Street's value being above this median.