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Guideline Value

Corporate

Guideline Value for Andal Nagar 3rd Cross Street

₹4400/sq.ft.

The guideline value for Andal Nagar 3rd Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹314 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹280 /sq.ft.
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 Andal Nagar 3rd Cross Street

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Andal Nagar 3rd Cross Street guideline value

The current guideline value of Andal Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Andal Nagar 3rd Cross Street has changed

The guideline value for Andal Nagar 3rd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 280 per sq.ft, which increased to Rs 314 per sq.ft in 2003, reflecting a change of +12%. The value then surged dramatically to Rs 2,200 per sq.ft in 2007, marking an increase of +601%. In 2012, it was recorded at Rs 4,000 per sq.ft, a decrease of -33% from the previous revision. The guideline value rose again to Rs 2,680 per sq.ft in 2017, which was a +49% increase. The most recent revisions show the value at Rs 4,000 per sq.ft in 2023, followed by a 10% increase to Rs 4,400 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by +1471%. There are no figures available for the years not mentioned in the register 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. The median value is Rs 4,400 per sq.ft, which is equal to the 2024 figure for Andal Nagar 3rd Cross Street.

Stamp duty and registration fee for property in Andal Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Andal Nagar 3rd Cross Street?

The Sub Registrar Office that covers Andal Nagar 3rd Cross Street 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

The guideline value is a crucial factor in property transactions in Velachery. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling a property. When registering a property, the guideline value is used to calculate these fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property transfers. Understanding this value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Andal Nagar 3rd Cross Street?

The current guideline value of Andal Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 280 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing a significant overall increase of +1471% over the years.

What is the land classification for Andal Nagar 3rd Cross Street?

Andal Nagar 3rd Cross Street is classified as Residential Class II Type - II.

Where can I find the registration office for property transactions?

The registration office for Andal Nagar 3rd Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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 of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.