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Guideline Value

Corporate

Guideline Value for Bye Pass Road -100 feet

₹13200/sq.ft.

The guideline value for Bye Pass Road -100 Feet 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 ₹3854 /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 Bye Pass Road -100 Feet

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Bye Pass Road -100 feet guideline value

The current guideline value for Bye Pass Road -100 feet is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Bye Pass Road -100 feet has changed

The guideline value for Bye Pass Road -100 feet has seen significant changes over the years. In the 2007 revision, the value was Rs 3,854 per sq.ft, which increased to Rs 12,000 per sq.ft in 2012, marking a rise of 211%. However, it then decreased to Rs 8,040 per sq.ft in the 2017 revision, a decline of 33%. The value further increased to Rs 12,000 per sq.ft in 2023, and finally reached Rs 13,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2007 to 2024 is 243%. This trend illustrates the fluctuations in the guideline value over the years, highlighting the changes in property valuation in this area.

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 is Rs 4,400 per sq.ft, making the current guideline value for Bye Pass Road -100 feet significantly above this median.

Stamp duty and registration fee for property in Bye Pass Road -100 feet

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bye Pass Road -100 feet?

The Bye Pass Road -100 feet falls under the jurisdiction of 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 in property transactions in Velachery, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

Both buyers and sellers should be aware that the guideline value can impact the overall cost of the transaction, making it essential to consider when planning a property deal. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Bye Pass Road -100 feet?

The current guideline value for Bye Pass Road -100 feet is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,854 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 243% over the years.

What is the land classification for Bye Pass Road -100 feet?

The land classification for Bye Pass Road -100 feet is Commercial Class I Type - I.

Where can I find the Velacheri Sub Registrar Office?

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

How is stamp duty calculated for properties in Bye Pass Road -100 feet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,32,00,000, the stamp duty at 7% amounts to Rs 9,24,000.