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Guideline Value

Corporate

Guideline Value for Ayothiaya Colony 1st Cross Street

₹3850/sq.ft.

The guideline value for Ayothiaya Colony 1st Cross Street 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 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 Ayothiaya Colony 1st Cross Street

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Ayothiaya Colony 1st Cross Street guideline value

The current guideline value of Ayothiaya Colony 1st Cross Street is Rs 3,850 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 - III.

How the guideline value of Ayothiaya Colony 1st Cross Street has changed

The guideline value for Ayothiaya Colony 1st Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, during the 2017 revision, the value dropped to Rs 2,345 per sq.ft. Following this, the 2023 revision raised it to Rs 3,500 per sq.ft, and the latest 2024 revision has set it at Rs 3,850 per sq.ft, marking a 10% increase from the previous year.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 157%. The revisions for the years 2002 and 2003 do not have figures available for this street in the register.

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, placing the guideline value of Ayothiaya Colony 1st Cross Street below this median.

Stamp duty and registration fee for property in Ayothiaya Colony 1st Cross Street

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 be Rs 2,69,500, and the registration fee at 2% would amount to Rs 77,000, making the total cost for these fees Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ayothiaya Colony 1st Cross Street?

The Ayothiaya Colony 1st Cross Street falls under 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 buying or selling property in Velachery. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ayothiaya Colony 1st Cross Street?

The current guideline value of Ayothiaya Colony 1st Cross Street 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 significantly from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 157% over this period.

What is the land classification for Ayothiaya Colony 1st Cross Street?

Ayothiaya Colony 1st Cross Street is classified as Residential Class II Type - III.

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

The Velacheri Sub Registrar Office covers Ayothiaya Colony 1st Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur fees totaling Rs 3,46,500.