Guideline Value

Corporate

Guideline Value for Anna University (Padmavathi Nagar Ext)

₹3850/sq.ft.

The guideline value for Anna University (padmavathi Nagar Ext) in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Anna University (padmavathi Nagar Ext)

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Anna University (Padmavathi Nagar Ext) guideline value

The current guideline value for Anna University (Padmavathi Nagar Ext) is Rs 3,850 per sq.ft, effective from 1 July 2024. This property is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Anna University (Padmavathi Nagar Ext) has changed

The guideline value for Anna University (Padmavathi Nagar Ext) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase from Rs 3,500 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, indicating a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, which was a decrease of -33% from the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street. This lack of data means we can only consider the revisions from 2012 onwards for understanding the changes in the guideline value.

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 for these streets is Rs 4,400 per sq.ft, placing Anna University (Padmavathi Nagar Ext) below this median value.

Stamp duty and registration fee for property in Anna University (Padmavathi Nagar Ext)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna University (Padmavathi Nagar Ext)?

The Sub Registrar Office that covers Anna University (Padmavathi Nagar Ext) 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 plays a crucial role during the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps ensure compliance with local regulations and provides clarity on the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Anna University (Padmavathi Nagar Ext)?

The current guideline value for Anna University (Padmavathi Nagar Ext) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, which is a +10% increase. From 2017 to 2023, it increased by +49%, while from 2012 to 2017, it decreased by -33%.

What is the land classification for Anna University (Padmavathi Nagar Ext)?

Anna University (Padmavathi Nagar Ext) is classified as Residential Class II Type - III. This classification influences the guideline value and potential uses of the property.

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

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles property registrations for the area.

How is stamp duty calculated for properties in Velachery?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.