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Guideline Value

Corporate

Guideline Value for Andal Nagar 4th Cross Street

₹4400/sq.ft.

The guideline value for Andal Nagar 4th 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 4th Cross Street

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Andal Nagar 4th Cross Street guideline value

The current guideline value of Andal Nagar 4th 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 4th Cross Street has changed

The guideline value for Andal Nagar 4th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 280 per sq.ft, which increased to Rs 314 per sq.ft in 2003. Following this, there was a dramatic rise to Rs 2,200 per sq.ft in 2007, marking an increase of 601%. The value then rose to Rs 4,000 per sq.ft in 2012, reflecting an 82% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value increased again to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1471%. The register has no figure for the years not listed in the revisions.

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 guideline value is Rs 4,400 per sq.ft, making the guideline value of Andal Nagar 4th Cross Street equal to this median.

Stamp duty and registration fee for property in Andal Nagar 4th 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 would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, the total cost would be 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 details.

Which Sub Registrar Office covers Andal Nagar 4th Cross Street?

The Sub Registrar Office that covers Andal Nagar 4th 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 during the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Andal Nagar 4th Cross Street?

The current guideline value of Andal Nagar 4th 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 changed significantly, increasing from Rs 280 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024. The most notable changes include a rise of 601% from 2003 to 2007 and a 10% increase from 2023 to 2024.

What is the land classification of Andal Nagar 4th Cross Street?

Andal Nagar 4th Cross Street is classified as Residential Class II Type - II. This classification is important for determining the allowed uses and regulations for properties in the area.

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

The Velacheri Sub Registrar Office covers Andal Nagar 4th Cross Street. It is 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.