Guideline Value

Corporate

Guideline Value for Appasamy nagar

₹3850/sq.ft.

The guideline value for Appasamy Nagar 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 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹518 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹462 /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 Appasamy Nagar

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Appasamy nagar guideline value

The current guideline value of Appasamy nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village and falls under the Velacheri SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Appasamy nagar has changed

The guideline value for Appasamy nagar has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 462 per sq.ft. This increased to Rs 518 per sq.ft in 2003, marking a change of +12%. Subsequently, the value rose significantly to Rs 1,500 per sq.ft in 2007, which is a change of +190%. The value then increased to Rs 3,500 per sq.ft in 2012, reflecting a growth of +133%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, showing a decline of -33%. The guideline value then increased to Rs 3,500 per sq.ft in 2023, which was a rise of +49%. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, an increase of +10% from the previous year.

There are no figures available for some years in the register for Appasamy nagar. Overall, from 2002 to 2024, the guideline value has increased by +733%.

Guideline values in Velachery

Within Velachery village, 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 for these streets is Rs 4,400 per sq.ft, placing Appasamy nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Appasamy nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000. Together, the total cost for stamp duty and registration fee would be 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.

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

Which Sub Registrar Office covers Appasamy nagar?

The Sub Registrar Office that covers Appasamy nagar 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 during property registration in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value as it affects the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. It is essential for both buyers and sellers to understand that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Appasamy nagar?

The current guideline value of Appasamy nagar 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 462 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +733% over the years.

What is the land classification for Appasamy nagar?

Appasamy nagar is classified as Residential Class II Type - III according to the land classification guidelines.

Where can I find the Sub Registrar Office for Appasamy nagar?

The Sub Registrar Office for Appasamy nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Appasamy nagar?

Stamp duty for properties in Appasamy nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.