Guideline Value

Corporate

Guideline Value for A.S.K. Nagar Main Road

₹3850/sq.ft.

The guideline value for A.s.k. Nagar Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 A.s.k. Nagar Main Road

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A.S.K. Nagar Main Road guideline value

The current guideline value of A.S.K. Nagar Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of A.S.K. Nagar Main Road has changed

The guideline value for A.S.K. Nagar Main Road has undergone several revisions over the years. In 2007, the value was set at Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 133%. However, in 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,850 per sq.ft in 2024, an increase of 10% from the previous year.

There are no guideline value figures available for A.S.K. Nagar Main Road for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 157%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which means that the guideline value of A.S.K. Nagar Main Road is below this median.

Stamp duty and registration fee for property in A.S.K. Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, these fees would total Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.S.K. Nagar Main Road?

The Sub Registrar Office that covers A.S.K. Nagar Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

When buying or selling property in Velachery, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to accurately calculate the costs involved in the registration process. This value can impact the overall expenses incurred during the buying or selling of property in the area.

Frequently asked questions

What is the current guideline value of A.S.K. Nagar Main Road?

The current guideline value of A.S.K. Nagar Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 157% since 2007.

What are the registration fees for property in A.S.K. Nagar Main Road?

The registration fees for property in A.S.K. Nagar Main Road include a stamp duty of 7% and a registration fee of 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,46,500.

Which office is responsible for property registration in A.S.K. Nagar Main Road?

The Velacheri Sub Registrar Office is responsible for property registration in A.S.K. Nagar Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for A.S.K. Nagar Main Road?

A.S.K. Nagar Main Road is classified as Residential Class II Type - III, indicating its suitability for residential purposes.