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Guideline Value

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Guideline Value for DEVARAJ NAGAR - V.G.Nair Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - V.g.nair 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 ₹577 /sq.ft.
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 - V.g.nair Street

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DEVARAJ NAGAR - V.G.Nair Street guideline value

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

How the guideline value of DEVARAJ NAGAR - V.G.Nair Street has changed

Over the years, the guideline value for DEVARAJ NAGAR - V.G.Nair Street has undergone several revisions. The earliest recorded figure is Rs 577 per sq.ft in 2003, which increased significantly to Rs 1,350 per sq.ft in 2007, marking a rise of 134%. The value then surged to Rs 4,500 per sq.ft in 2012, reflecting a remarkable increase of 233%. However, it decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and the most recent revision has set the guideline value at Rs 4,950 per sq.ft in 2024, representing a 10% increase from the previous year.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 758%.

Guideline values in Saligramam

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

Stamp duty and registration fee for property in DEVARAJ NAGAR - V.G.Nair 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 to Rs 4,45,500. It is important to note that the 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 - V.G.Nair Street?

The DEVARAJ NAGAR - V.G.Nair Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Saligramam

The guideline value is a crucial factor in property transactions in Saligramam, as it determines the minimum value at which properties can be registered. When purchasing or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value for DEVARAJ NAGAR - V.G.Nair Street?

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

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 577 per sq.ft to Rs 4,950 per sq.ft in 2024, marking an overall increase of 758%.

What is the land classification for DEVARAJ NAGAR - V.G.Nair Street?

DEVARAJ NAGAR - V.G.Nair Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in DEVARAJ NAGAR - V.G.Nair Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering DEVARAJ NAGAR - V.G.Nair Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.