Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for DEVARAJ NAGAR Extension - V.G.Nair Street

₹4950/sq.ft.

The guideline value for Devaraj Nagar Extension - V.g.nair Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /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 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹577 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Extension - V.g.nair Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

DEVARAJ NAGAR Extension - V.G.Nair Street guideline value

The current guideline value for DEVARAJ NAGAR Extension - V.G.Nair Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village under the Virugambakkam SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of DEVARAJ NAGAR Extension - V.G.Nair Street has changed

The guideline value for DEVARAJ NAGAR Extension - V.G.Nair Street has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 577 per sq.ft. This increased to Rs 1,350 per sq.ft in 2007, marking a significant rise of 134%. In 2012, the value was Rs 4,500 per sq.ft, which was a 233% increase from the previous revision. However, in 2017, the value dropped to Rs 3,015 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,950 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

The register does not have a figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 758%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, making the current figure for DEVARAJ NAGAR Extension - V.G.Nair Street above that median.

Stamp duty and registration fee for property in DEVARAJ NAGAR Extension - V.G.Nair Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total costs together to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers DEVARAJ NAGAR Extension - V.G.Nair Street?

The Sub Registrar Office that covers DEVARAJ NAGAR Extension - V.G.Nair Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Saligramam

The guideline value plays a crucial role when buying or selling property in Saligramam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for DEVARAJ NAGAR Extension - V.G.Nair Street?

The current guideline value for DEVARAJ NAGAR Extension - V.G.Nair Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 577 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 758% over the years.

What is the land classification for DEVARAJ NAGAR Extension - V.G.Nair Street?

DEVARAJ NAGAR Extension - V.G.Nair Street falls under the Residential Class I Type - I land classification.

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

The Virugambakkam Sub Registrar Office covers DEVARAJ NAGAR Extension - V.G.Nair Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 49,50,000 would incur a stamp duty of Rs 3,46,500 at 7%.