Guideline Value

Corporate

Guideline Value for Belshakthi Nagar 4th Main Road

₹3850/sq.ft.

The guideline value for Belshakthi Nagar 4th Main Road 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 Belshakthi Nagar 4th Main Road

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Belshakthi Nagar 4th Main Road guideline value

The current guideline value of Belshakthi Nagar 4th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - III.

How the guideline value of Belshakthi Nagar 4th Main Road has changed

The guideline value for Belshakthi Nagar 4th Main Road has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 3,500 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it dropped to Rs 2,345 per sq.ft. The value increased significantly to Rs 3,500 per sq.ft in 2023 and then rose again to Rs 3,850 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is +10%. The increase from 2017 to 2023 was substantial at +49%. However, there are no recorded figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Belshakthi Nagar 4th Main Road is below this median.

Stamp duty and registration fee for property in Belshakthi Nagar 4th Main Road

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, making the total fees 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 Belshakthi Nagar 4th Main Road?

The Sub Registrar Office that covers Belshakthi Nagar 4th Main 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 details.

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 stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations for their property sales.

Frequently asked questions

What is the current guideline value of Belshakthi Nagar 4th Main Road?

The current guideline value of Belshakthi Nagar 4th Main Road 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. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the stamp duty rate for properties in Belshakthi Nagar?

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

Where is the Sub Registrar Office for Belshakthi Nagar located?

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

What is the land classification for Belshakthi Nagar 4th Main Road?

Belshakthi Nagar 4th Main Road is classified as Residential Class II Type - III.