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Guideline Value

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Guideline Value for City link road (N.G.G.O Colony)

₹4400/sq.ft.

The guideline value for City Link Road (n.g.g.o Colony) 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 N/A
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹590 /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 City Link Road (n.g.g.o Colony)

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City link road (N.G.G.O Colony) guideline value

The current guideline value of City link road (N.G.G.O Colony) is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of City link road (N.G.G.O Colony) has changed

The guideline value for City link road (N.G.G.O Colony) has seen significant changes over the years. In 2003, the guideline value was Rs 590 per sq.ft, which increased to Rs 1,800 per sq.ft in 2007, marking a 205% rise. By 2017, the value further increased to Rs 2,680 per sq.ft, reflecting a 49% increase from the previous revision.

In 2023, the guideline value reached Rs 4,000 per sq.ft, showing a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2012 for this street.

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 guideline value is Rs 4,400 per sq.ft, which matches the current value for City link road (N.G.G.O Colony).

Stamp duty and registration fee for property in City link road (N.G.G.O Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers City link road (N.G.G.O Colony)?

The Sub Registrar Office that covers City link road (N.G.G.O Colony) 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 crucial factor in the registration process for property transactions in Velachery. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs involved in property registration. This value serves as a benchmark to ensure that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of City link road (N.G.G.O Colony)?

The current guideline value of City link road (N.G.G.O Colony) 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 increased from Rs 590 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 646% over the years.

What are the stamp duty and registration fees for property on City link road?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for this area?

The Velacheri Sub Registrar Office handles registrations for City link road (N.G.G.O Colony), located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value when buying property?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for ensuring that the transaction is recorded accurately in the official registry.