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Guideline Value

Corporate

Guideline Value for Andal Nagar 8th Cross Street

₹4400/sq.ft.

The guideline value for Andal Nagar 8th 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 8th Cross Street

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Andal Nagar 8th Cross Street guideline value

The current guideline value of Andal Nagar 8th 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 8th Cross Street has changed

The guideline value for Andal Nagar 8th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 2,200 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking an 82% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value then rose significantly to Rs 4,000 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 4,400 per sq.ft in 2024.

There are no recorded figures for the years 2002 and 2003 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 guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Andal Nagar 8th Cross Street.

Stamp duty and registration fee for property in Andal Nagar 8th 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, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Andal Nagar 8th Cross Street?

The Sub Registrar Office that covers Andal Nagar 8th 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 when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that all transactions adhere to legal standards.

When you buy or sell property, the guideline value impacts the stamp duty and registration fees payable at the time of registration. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Andal Nagar 8th Cross Street?

The current guideline value of Andal Nagar 8th 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, representing a 100% increase overall. The value has seen fluctuations, including a decrease from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017.

What is the classification of land in Andal Nagar 8th Cross Street?

The land classification for Andal Nagar 8th Cross Street is Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Andal Nagar 8th Cross Street?

The Sub Registrar Office for Andal Nagar 8th 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 Andal Nagar 8th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.