Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR 1ST CROSS STREET

₹5000/sq.ft.

The guideline value for Devaraj Nagar 1st Cross Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹5000 /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 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 1st Cross Street

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Devaraj Nagar 1st Cross Street guideline value

The current guideline value of Devaraj Nagar 1st Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Devaraj Nagar 1st Cross Street has changed

In the 2017 revision, the guideline value was Rs 3,015 per sq.ft. This increased to Rs 4,500 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the value at Rs 5,000 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Devaraj Nagar 1st Cross Street above the median.

Stamp duty and registration fee for property in Devaraj Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value is Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Devaraj Nagar 1st Cross Street?

The Sub Registrar Office that covers Devaraj Nagar 1st Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. It determines the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in setting a fair price for the transaction, as the registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Devaraj Nagar 1st Cross Street?

The current guideline value of Devaraj Nagar 1st Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,015 per sq.ft in 2017 to Rs 4,500 per sq.ft in 2023, and then to Rs 5,000 per sq.ft in 2024. This represents a 66% increase from 2017 to 2024.

What is the land classification for Devaraj Nagar 1st Cross Street?

Devaraj Nagar 1st Cross Street is classified as Residential Special Type - IV under the Neelankarai SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000. Duty is charged on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Devaraj Nagar 1st Cross Street?

The Neelankarai Sub Registrar Office covers Devaraj Nagar 1st Cross Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.