Guideline Value

Corporate

Guideline Value for Andal Nagar Main Road

₹4400/sq.ft.

The guideline value for Andal Nagar Main Road 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 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹350 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹283 /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 Main Road

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Andal Nagar Main Road guideline value

The current guideline value of Andal Nagar Main Road is Rs 4,400 per sq.ft. This road 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 Main Road has changed

The guideline value for Andal Nagar Main Road has undergone several revisions since 2002. In 2002, the value was Rs 283 per sq.ft, which increased to Rs 350 per sq.ft in 2003. The value saw a significant rise to Rs 1,500 per sq.ft in 2007, followed by a decrease to Rs 4,000 per sq.ft in 2012. The next revision in 2017 brought the value down to Rs 2,680 per sq.ft, before it increased to Rs 4,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, there was a 24% increase. The value surged by 329% from 2003 to 2007. Following that, there was a 167% increase from 2007 to 2012. However, from 2012 to 2017, the value decreased by 33%. The next revision from 2017 to 2023 saw a 49% increase, and finally, there was a 10% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1455%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for Andal Nagar Main Road.

Stamp duty and registration fee for property in Andal Nagar Main Road

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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Nagar Main Road?

The Sub Registrar Office that covers Andal Nagar Main Road 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 plays a crucial role in property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the sale process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 Main Road?

The current guideline value of Andal Nagar Main Road is Rs 4,400 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 283 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1455% over the years.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Andal Nagar Main Road?

The Velacheri Sub Registrar Office handles registrations for Andal Nagar Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Andal Nagar Main Road?

Andal Nagar Main Road is classified as Residential Class II Type - II, indicating its suitability for residential developments.