Guideline Value

Corporate

Guideline Value for Ex-serviceman Colony : -

₹3850/sq.ft.

The guideline value for Ex-serviceman Colony : - 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 ₹183 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹163 /sq.ft.
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 Ex-serviceman Colony : -

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Ex-serviceman Colony : - guideline value

The current guideline value for Ex-serviceman Colony : - is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Ex-serviceman Colony : - has changed

The guideline value for Ex-serviceman Colony : - has undergone several revisions over the years. In 2002, the value was Rs 163 per sq.ft, which increased to Rs 183 per sq.ft in 2003, reflecting a change of +12%. There are no figures available for the year 2007. The value then rose to Rs 3,500 per sq.ft in 2012, marking a significant increase of +1813% from the 2003 figure. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, showing a decline of -33%. The 2023 revision set the value at Rs 3,500 per sq.ft, which then increased to Rs 3,850 per sq.ft in 2024, representing a change of +10%.

Overall, from the 2002 revision to the current 2024 value, there has been a substantial increase of +2262%. The 2017 revision was Rs 2,345 per sq.ft, and the 2023 revision was Rs 3,500 per sq.ft, marking a change of +49% between these two years.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Ex-serviceman Colony : - below that median value.

Stamp duty and registration fee for property in Ex-serviceman Colony : -

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. 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 precise calculations.

Which Sub Registrar Office covers Ex-serviceman Colony : -?

The Sub Registrar Office that covers Ex-serviceman 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ex-serviceman Colony : -?

The current guideline value for Ex-serviceman Colony : - 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 seen significant changes, increasing from Rs 163 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, which is an overall increase of +2262%.

What are the stamp duty and registration fees for property in Ex-serviceman Colony : -?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles the registration for Ex-serviceman Colony : -?

The Velacheri Sub Registrar Office handles registrations for Ex-serviceman Colony : -, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including location and land classification, ensuring that it reflects the market conditions for property transactions.