Guideline Value

Corporate

Guideline Value for Dr. Devaraj Nagar

₹2750/sq.ft.

The guideline value for Dr. Devaraj Nagar in Selaiyur village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Selaiyur

Village

Selaiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Dr. Devaraj Nagar

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Dr. Devaraj Nagar guideline value

The current guideline value of Dr. Devaraj Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Dr. Devaraj Nagar has changed

The guideline value for Dr. Devaraj Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest 2024 revision raised it to Rs 2,750 per sq.ft. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

From 2007 to 2012, there was a remarkable increase of 525%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023. The overall increase from 2007 to 2024 is 588%, reflecting the changes in the guideline value over time.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the current value of Dr. Devaraj Nagar above the median.

Stamp duty and registration fee for property in Dr. Devaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Devaraj Nagar?

The Sub Registrar Office covering Dr. Devaraj Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Selaiyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The amount of duty is calculated based on the higher of the guideline value or the actual sale price of the property.

When registering a property, buyers must ensure that the guideline value is adhered to, as it affects the overall costs associated with the transaction. Accurate knowledge of the guideline value helps in understanding the financial implications when engaging in property dealings.

Frequently asked questions

What is the current guideline value of Dr. Devaraj Nagar?

The current guideline value of Dr. Devaraj Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, with Dr. Devaraj Nagar's value being above this median at Rs 2,750 per sq.ft.

What are the stamp duty rates for property in Dr. Devaraj Nagar?

The stamp duty rate for property in Dr. Devaraj Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Dr. Devaraj Nagar located?

The Sub Registrar Office for Dr. Devaraj Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.