Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR 4TH CROSS STREET

₹5000/sq.ft.

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

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Devaraj Nagar 4th Cross Street guideline value

The current guideline value of Devaraj Nagar 4th 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 it falls under the land classification of Residential Special Type - IV.

How the guideline value of Devaraj Nagar 4th Cross Street has changed

The guideline value for Devaraj Nagar 4th Cross Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 3,015 per sq.ft. This increased to Rs 4,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 5,000 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 66%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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, placing Devaraj Nagar 4th Cross Street above that median.

Stamp duty and registration fee for property in Devaraj Nagar 4th 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, totaling Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Devaraj Nagar 4th 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 plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

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

The current guideline value of Devaraj Nagar 4th 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 increased from Rs 3,015 per sq.ft in 2017 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 66% over this period.

What is the land classification for Devaraj Nagar 4th Cross Street?

Devaraj Nagar 4th Cross Street is classified as Residential Special Type - IV.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Devaraj Nagar 4th 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 higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at a rate of 7%.