Guideline Value

Corporate

Guideline Value for Chokalingam Nagar 3rd Main Road

₹4400/sq.ft.

The guideline value for Chokalingam Nagar 3rd Main Road 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 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Chokalingam Nagar 3rd Main Road

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Chokalingam Nagar 3rd Main Road guideline value

The current guideline value of Chokalingam Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Chokalingam Nagar 3rd Main Road has changed

The guideline value for Chokalingam Nagar 3rd Main Road has seen various revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show a guideline value of Rs 4,000 per sq.ft from the 2023 revision, which increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street. The 2024 revision aligns this street's guideline value with the median value of Rs 4,400 per sq.ft for the 2,691 streets in Velachery under the Velacheri SRO.

Guideline values in Velachery

In Velachery, the guideline values range from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Chokalingam Nagar 3rd Main Road's guideline value matches this median.

Stamp duty and registration fee for property in Chokalingam Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chokalingam Nagar 3rd Main Road?

The Sub Registrar Office that covers Chokalingam Nagar 3rd 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 information.

How the guideline value is used when you buy or sell in Velachery

The guideline value is a crucial factor during the registration process of property transactions in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately and fairly. It helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chokalingam Nagar 3rd Main Road?

The current guideline value of Chokalingam Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a change of +10%.

What is the land classification for Chokalingam Nagar 3rd Main Road?

The land classification for Chokalingam Nagar 3rd Main Road is Residential Class II Type - II.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

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

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