Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR - V.O.C.Street Extension

₹4950/sq.ft.

The guideline value for Devaraj Nagar - V.o.c.street Extension 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 - V.o.c.street Extension

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DEVARAJ NAGAR - V.O.C.Street Extension guideline value

The current guideline value for DEVARAJ NAGAR - V.O.C.Street Extension is Rs 4,950 per sq.ft, effective from 1 July 2024. This property 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.O.C.Street Extension has changed

The guideline value for DEVARAJ NAGAR - V.O.C.Street Extension has seen several revisions over the years. In 2007, the value was Rs 1,350 per sq.ft, which increased significantly to Rs 4,500 per sq.ft by 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, and finally reached Rs 4,950 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The revisions for the years 2002 and 2003 do not have figures listed 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, indicating that DEVARAJ NAGAR - V.O.C.Street Extension's 2024 figure is above this median.

Stamp duty and registration fee for property in DEVARAJ NAGAR - V.O.C.Street Extension

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 and the sale price.

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

Which Sub Registrar Office covers DEVARAJ NAGAR - V.O.C.Street Extension?

The Sub Registrar Office that covers DEVARAJ NAGAR - V.O.C.Street Extension 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 details.

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

The guideline value is a crucial factor during property registration in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When engaging in a property transaction, the guideline value ensures that the government receives the appropriate taxes based on the property's assessed worth. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for DEVARAJ NAGAR - V.O.C.Street Extension?

The current guideline value for DEVARAJ NAGAR - V.O.C.Street Extension 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 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 median guideline value in Saligramam?

The median guideline value in Saligramam is Rs 4,400 per sq.ft, with DEVARAJ NAGAR - V.O.C.Street Extension's 2024 value being above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher.

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.