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Guideline Value

Corporate

Guideline Value for Andal Nagar 6th Cross Street

₹4400/sq.ft.

The guideline value for Andal Nagar 6th 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 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 6th Cross Street

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Andal Nagar 6th Cross Street guideline value

The current guideline value of Andal Nagar 6th 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 6th Cross Street has changed

The guideline value for Andal Nagar 6th Cross Street has seen several revisions over the years. In 2007, the value was Rs 2,200 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking an increase of 82%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The most recent revision in 2023 set the value at Rs 4,000 per sq.ft, which then rose to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. 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 that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of Andal Nagar 6th Cross Street.

Stamp duty and registration fee for property in Andal Nagar 6th 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, bringing the total to Rs 3,96,000. Please 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 Andal Nagar 6th Cross Street?

The Sub Registrar Office that covers Andal Nagar 6th 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 details.

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

The guideline value is used as a benchmark for property transactions in Velachery. It helps determine the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is in accordance with the official pricing set by the government. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Andal Nagar 6th Cross Street?

The current guideline value of Andal Nagar 6th 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 from Rs 2,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 100%.

What is the land classification of Andal Nagar 6th Cross Street?

Andal Nagar 6th Cross Street is classified as Residential Class II Type - II.

Where can I find the registration office for Andal Nagar 6th Cross Street?

The registration office for Andal Nagar 6th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% on the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price. For example, on a property valued at Rs 44,00,000, the total fees would be Rs 3,96,000.