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Guideline Value

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Guideline Value for DEVARAJ NAGAR 3RD CROSS STREET

₹5000/sq.ft.

The guideline value for Devaraj Nagar 3rd 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 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 3rd Cross Street

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Devaraj Nagar 3rd Cross Street guideline value

The current guideline value for Devaraj Nagar 3rd 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 3rd Cross Street has changed

The guideline value for Devaraj Nagar 3rd Cross Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 4,500 per sq.ft, and it increased to Rs 5,000 per sq.ft in the 2024 revision, marking an increase of 11%.

Prior to the 2023 revision, there were no recorded figures for the street in the earlier years mentioned. The 2024 figure of Rs 5,000 per sq.ft is notable as it is above the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median of Rs 2,200 per sq.ft. Devaraj Nagar 3rd Cross Street's 2024 figure of Rs 5,000 per sq.ft is above this median.

Stamp duty and registration fee for property in Devaraj Nagar 3rd 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 would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total charges Rs 4,50,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Devaraj Nagar 3rd Cross Street?

The Devaraj Nagar 3rd Cross Street falls under 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 property registration in Sholinganallur - 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value according to government regulations.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency in property transactions and helps in maintaining a standard across different properties within the region.

Frequently asked questions

What is the current guideline value of Devaraj Nagar 3rd Cross Street?

The current guideline value of Devaraj Nagar 3rd 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 4,500 per sq.ft in 2023 to Rs 5,000 per sq.ft in 2024, reflecting an increase of 11%. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Devaraj Nagar 3rd Cross Street?

Devaraj Nagar 3rd Cross Street is classified as Residential Special Type - IV, which indicates its designated use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 50,00,000, the total charges would amount to Rs 4,50,000.

Which office handles registrations for Devaraj Nagar 3rd Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Devaraj Nagar 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.