Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Baby Nagar 2nd Cross Street

₹4400/sq.ft.

The guideline value for Baby Nagar 2nd Cross Street 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 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹640 /sq.ft.
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 2nd Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Baby Nagar 2nd Cross Street guideline value

The current guideline value of Baby Nagar 2nd Cross Street is Rs 4,400 per sq.ft. This street is located in Velachery village, under the jurisdiction of the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Baby Nagar 2nd Cross Street has changed

The guideline value for Baby Nagar 2nd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 640 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2007, representing a rise of 181%. In 2012, the value was Rs 4,000 per sq.ft, marking a substantial increase of 122% from the previous revision. However, from 2012 to 2017, the value decreased by 33% to Rs 2,680 per sq.ft. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent revision effective from 1 July 2024 has raised it to Rs 4,400 per sq.ft, reflecting a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 588%. It is important to note that the register has no figure for this street in 2002.

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, which matches the current guideline value for Baby Nagar 2nd Cross Street.

Stamp duty and registration fee for property in Baby Nagar 2nd Cross Street

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 amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Baby Nagar 2nd Cross Street?

The Sub Registrar Office that covers Baby Nagar 2nd Cross Street 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 critical factor in the registration process for property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from the transaction.

When buying or selling property, it is essential to consider the guideline value, as it influences the stamp duty and registration fees payable. Buyers should ensure that the sale price is either equal to or greater than the guideline value to avoid potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Baby Nagar 2nd Cross Street?

The current guideline value of Baby Nagar 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 640 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 588% over the years.

What is the land classification for Baby Nagar 2nd Cross Street?

Baby Nagar 2nd Cross Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Baby Nagar 2nd Cross Street?

The Sub Registrar Office for Baby Nagar 2nd Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property in Baby Nagar 2nd Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.