Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR - Veeramamunivar Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar - Veeramamunivar 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 - Veeramamunivar Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

DEVARAJ NAGAR - Veeramamunivar Street guideline value

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

The guideline value for DEVARAJ NAGAR - Veeramamunivar Street 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 in 2012, marking a rise of 233%. However, it decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value then surged to Rs 4,500 per sq.ft in 2023, followed by a further increase to Rs 4,950 per sq.ft in 2024, reflecting a 10% rise.

Notably, the guideline value has increased overall by 267% from 2007 to 2024. The revisions for the years 2002 and 2003 do not have figures recorded 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 as of 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, placing DEVARAJ NAGAR - Veeramamunivar Street's 2024 value above that median.

Stamp duty and registration fee for property in DEVARAJ NAGAR - Veeramamunivar Street

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the 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 to Rs 4,45,500. Please 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 - Veeramamunivar Street?

The Sub Registrar Office covering DEVARAJ NAGAR - Veeramamunivar Street 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the overall cost of the transaction. The higher of the guideline value and the sale price will be used to calculate applicable duties and fees.

Frequently asked questions

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

The current guideline value of DEVARAJ NAGAR - Veeramamunivar 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 from Rs 1,350 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the stamp duty rate for properties in DEVARAJ NAGAR - Veeramamunivar Street?

The stamp duty rate for properties in DEVARAJ NAGAR - Veeramamunivar Street is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in DEVARAJ NAGAR - Veeramamunivar Street is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for DEVARAJ NAGAR - Veeramamunivar Street?

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