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Guideline Value

Corporate

Guideline Value for Baby Nagar 20feet Service Road facing 100ftTaramani Link Road

₹13200/sq.ft.

The guideline value for Baby Nagar 20feet Service Road Facing 100fttaramani Link Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /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 Baby Nagar 20feet Service Road Facing 100fttaramani Link Road

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Baby Nagar 20feet Service Road facing 100ftTaramani Link Road guideline value

The current guideline value for Baby Nagar 20feet Service Road facing 100ftTaramani Link Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Velachery village, under the Velacheri SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Baby Nagar 20feet Service Road facing 100ftTaramani Link Road has changed

Since the 2012 revision, the guideline value has seen various changes. In 2012, the value was Rs 12,000 per sq.ft, which decreased to Rs 8,040 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 12,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 13,200 per sq.ft, representing a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value for these streets is Rs 4,400 per sq.ft, placing Baby Nagar 20feet Service Road facing 100ftTaramani Link Road above the median value.

Stamp duty and registration fee for property in Baby Nagar 20feet Service Road facing 100ftTaramani Link Road

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, while the registration fee at 2% totals Rs 2,64,000. Together, these fees amount to Rs 11,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Baby Nagar 20feet Service Road facing 100ftTaramani Link Road?

The Sub Registrar Office that covers Baby Nagar 20feet Service Road facing 100ftTaramani Link 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 the registration process when buying or selling properties in Velachery. It is used to determine the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, which helps maintain a standard across property transactions in the area.

Frequently asked questions

What is the current guideline value for Baby Nagar 20feet Service Road facing 100ftTaramani Link Road?

The current guideline value for Baby Nagar 20feet Service Road facing 100ftTaramani Link Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 10% overall, from Rs 12,000 per sq.ft in 2012 to Rs 13,200 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for Baby Nagar 20feet Service Road facing 100ftTaramani Link Road in 2017 was Rs 8,040 per sq.ft.

What is the stamp duty rate applicable for properties in this area?

The stamp duty rate applicable for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Baby Nagar?

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