Guideline Value

Corporate

Guideline Value for Andal Nagar 4th Street

₹4400/sq.ft.

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

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Andal Nagar 4th Street guideline value

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

The guideline value for Andal Nagar 4th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is an increase from Rs 4,000 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision set the value at Rs 2,680 per sq.ft, reflecting a significant increase of +49% from the previous value in 2023. The register has no figures for the years 2002 and 2003.

In earlier revisions, the value was Rs 4,000 per sq.ft in 2012, which was a decrease of -33% from Rs 2,680 per sq.ft in 2017. The 2007 revision set the value at Rs 2,200 per sq.ft, which was an increase of +82% from the previous value in 2012. Overall, from 2007 to 2024, the guideline value has increased by +100%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Andal Nagar 4th Street.

Stamp duty and registration fee for property in Andal Nagar 4th 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, charged at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, this amounts to 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Nagar 4th Street?

The Sub Registrar Office covering Andal Nagar 4th 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 the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps maintain transparency and fairness in the registration process. Buyers and sellers must be aware of the current guideline value to accurately assess the financial implications of their property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Over the years, the guideline value has increased significantly, from Rs 2,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +100%.

What are the other streets with the same guideline value in Velachery?

Other streets in Velachery with the same guideline value of Rs 4,400 per sq.ft include Andal Nagar 4th Cross Street, 5th Cross Street, 3rd Street, 3rd Main Road, 6th Cross St Extension, and 6th Cross Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7%, which is applied to the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Andal Nagar 4th Street?

The Velacheri Sub Registrar Office, which covers Andal Nagar 4th Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.