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Guideline Value

Corporate

Guideline Value for Alacritiy Apartments (100 feet Byepass Road)

₹13200/sq.ft.

The guideline value for Alacritiy Apartments (100 Feet Byepass Road) in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /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 Alacritiy Apartments (100 Feet Byepass Road)

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Alacritiy Apartments (100 feet Byepass Road) guideline value

The current guideline value of Alacritiy Apartments (100 feet Byepass Road) is Rs 13,200 per sq.ft. This property is located in Velachery village, under the Velacheri SRO, and falls under the Commercial Class I Type - I land classification.

How the guideline value of Alacritiy Apartments (100 feet Byepass Road) has changed

The guideline value for Alacritiy Apartments has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 12,000 per sq.ft in 2012, marking a 500% rise. However, this value decreased to Rs 8,040 per sq.ft in 2017, reflecting a 33% drop. The next revision in 2023 set the value at Rs 12,000 per sq.ft, followed by a further increase to Rs 13,200 per sq.ft in 2024, a 10% rise.

Between 2017 and 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 560%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

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, with a median value of Rs 4,400 per sq.ft. The guideline value of Alacritiy Apartments is above this median.

Stamp duty and registration fee for property in Alacritiy Apartments (100 feet Byepass Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000. Therefore, the total cost for stamp duty and registration would be Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alacritiy Apartments (100 feet Byepass Road)?

The Alacritiy Apartments (100 feet Byepass Road) is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alacritiy Apartments?

The current guideline value of Alacritiy Apartments (100 feet Byepass Road) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, with various revisions in between, including a significant increase of 500% from 2007 to 2012.

What are the stamp duty and registration fees for Alacritiy Apartments?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.

Which office handles registrations for Alacritiy Apartments?

The Velacheri Sub Registrar Office handles registrations for Alacritiy Apartments, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Alacritiy Apartments?

Alacritiy Apartments falls under the Commercial Class I Type - I land classification, which is important for understanding its usage and potential regulations.