Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR 2ND CROSS STREET

₹5000/sq.ft.

The guideline value for Devaraj Nagar 2nd Cross Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 2nd Cross Street

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Devaraj Nagar 2nd Cross Street guideline value

The current guideline value for Devaraj Nagar 2nd 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. The land classification for this area is Residential Special Type - IV.

How the guideline value of Devaraj Nagar 2nd Cross Street has changed

According to the guideline value register, there are no figures available for Devaraj Nagar 2nd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision with a figure is from the 2024 revision, which sets the guideline value at Rs 5,000 per sq.ft.

As there have been no changes between the revisions listed, the current guideline value remains consistent with the 2024 revision figure.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the guideline value of Devaraj Nagar 2nd Cross Street above that median.

Stamp duty and registration fee for property in Devaraj Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to 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, resulting in a total of Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Devaraj Nagar 2nd Cross Street?

The Sub Registrar Office that covers Devaraj Nagar 2nd 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it directly influences the costs associated with registration. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Devaraj Nagar 2nd Cross Street?

The current guideline value of Devaraj Nagar 2nd Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

What is the land classification for Devaraj Nagar 2nd Cross Street?

The land classification for Devaraj Nagar 2nd Cross Street is Residential Special Type - IV.

Are there any previous guideline values for this street?

The register has no figures for Devaraj Nagar 2nd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the registration office for Devaraj Nagar 2nd Cross Street?

The registration office for Devaraj Nagar 2nd 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.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 50,00,000, the stamp duty at 7% would amount to Rs 3,50,000.