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Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR 4TH CROSS STREET EXTENSION

₹5000/sq.ft.

The guideline value for Devaraj Nagar 4th Cross Street Extension 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 4th Cross Street Extension

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Devaraj Nagar 4th Cross Street Extension guideline value

The current guideline value of Devaraj Nagar 4th Cross Street Extension is Rs 5,000 per sq.ft, effective from 1 July 2024. This property 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 4th Cross Street Extension has changed

The guideline value for Devaraj Nagar 4th Cross Street Extension has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 5,000 per sq.ft, an increase from Rs 4,500 per sq.ft in 2023, which reflects an increase of 11%. Prior to that, in 2017, the value was Rs 3,015 per sq.ft, marking a significant increase of 49% from that year to 2023. The overall change from 2017 to 2024 is an increase of 66%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The revisions that do have figures show a clear upward trend in the guideline value.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets registered 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 current guideline value of Devaraj Nagar 4th Cross Street Extension above this median.

Stamp duty and registration fee for property in Devaraj Nagar 4th Cross Street Extension

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, bringing the total fees to 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 also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Devaraj Nagar 4th Cross Street Extension?

The Sub Registrar Office that covers Devaraj Nagar 4th Cross Street Extension 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 critical factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the guideline value is used to calculate the applicable fees, which are mandatory for the legal transfer of property ownership. This ensures transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of Devaraj Nagar 4th Cross Street Extension?

The current guideline value of Devaraj Nagar 4th Cross Street Extension 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 increased from Rs 3,015 per sq.ft in 2017 to Rs 5,000 per sq.ft in 2024, reflecting a total increase of 66% over this period.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Devaraj Nagar 4th Cross Street Extension is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Sholinganallur - 1 with the same guideline value?

Other streets in Sholinganallur - 1 with the same guideline value of Rs 5,000 per sq.ft include Devaraj Nagar 3rd Street, Devaraj Nagar 3rd Cross Street, Devaraj Nagar Annexe, Devaraj Nagar 2nd Street, and Devaraj Nagar 2nd Main Road.