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Guideline Value

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Guideline Value for DEVARAJ NAGAR - Sathyamoorthy Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - Sathyamoorthy 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 ₹3350 /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 - Sathyamoorthy Street

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DEVARAJ NAGAR - Sathyamoorthy Street guideline value

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

How the guideline value of DEVARAJ NAGAR - Sathyamoorthy Street has changed

The guideline value for DEVARAJ NAGAR - Sathyamoorthy Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, which reflects a 10% increase from Rs 4,500 per sq.ft in the 2023 revision. Prior to that, the value was Rs 3,015 per sq.ft in 2017, indicating a significant increase of 49% over the six years.

In earlier revisions, the guideline value was Rs 4,500 per sq.ft in 2012, which was a decrease of 33% from Rs 3,350 per sq.ft in 2007. There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 48%.

Guideline values in Saligramam

In Saligramam, there are a total of 333 streets under the Virugambakkam SRO that have 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 - Sathyamoorthy Street is above this median.

Stamp duty and registration fee for property in DEVARAJ NAGAR - Sathyamoorthy 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 fees to Rs 4,45,500. Please 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 details.

Which Sub Registrar Office covers DEVARAJ NAGAR - Sathyamoorthy Street?

The DEVARAJ NAGAR - Sathyamoorthy 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 during property registration in Saligramam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The guideline value serves as a baseline for these calculations, ensuring that the government receives appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the total fees based on the property's size and value. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value for DEVARAJ NAGAR - Sathyamoorthy 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 several times, with the most recent increase being from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, a 10% increase. Overall, from 2007 to 2024, the value has increased by 48%.

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

DEVARAJ NAGAR - Sathyamoorthy Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for this property?

For a property valued at 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, totaling Rs 4,45,500.

Where is the Virugambakkam Sub Registrar Office located?

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