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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar, Velacheri Main Road,

₹13200/sq.ft.

The guideline value for Dr. Ambedkar Nagar, Velacheri Main Road, 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 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 Dr. Ambedkar Nagar, Velacheri Main Road,

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Dr. Ambedkar Nagar, Velacheri Main Road, guideline value

The current guideline value of Dr. Ambedkar Nagar, Velacheri Main Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This area falls under Velachery village and is classified as Commercial Class I Type - I, governed by the Velacheri SRO.

How the guideline value of Dr. Ambedkar Nagar, Velacheri Main Road, has changed

Over the years, the guideline value for Dr. Ambedkar Nagar, Velacheri Main Road has seen several revisions. The 2012 revision set the value at Rs 12,000 per sq.ft, which dropped to Rs 8,040 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 12,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 13,200 per sq.ft, a 10% increase from the previous year.

The register does not have figures for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 among these streets is Rs 4,400 per sq.ft, positioning Dr. Ambedkar Nagar, Velacheri Main Road above this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar, Velacheri Main Road,

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,32,00,000. The stamp duty at 7% amounts to Rs 9,24,000, and the registration fee at 2% is Rs 2,64,000, totaling Rs 11,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar Nagar, Velacheri Main Road,?

The Sub Registrar Office covering Dr. Ambedkar Nagar, Velacheri 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 additional information.

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

The guideline value is a crucial factor during property transactions in Velachery, as it serves as the basis for calculating stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When registering a property, the guideline value is compared against the sale price. The higher of the two will determine the applicable stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar, Velacheri Main Road?

The current guideline value of Dr. Ambedkar Nagar, Velacheri Main Road 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 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then increased to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What is the land classification of Dr. Ambedkar Nagar, Velacheri Main Road?

The land classification for Dr. Ambedkar Nagar, Velacheri Main Road is Commercial Class I Type - I.

Where can I find the registration office for this area?

The registration office for Dr. Ambedkar Nagar, Velacheri Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 1,32,00,000, the stamp duty at 7% would be Rs 9,24,000.