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Guideline Value

Corporate

Guideline Value for Ganagai Nagar Bye Pass Road

₹13200/sq.ft.

The guideline value for Ganagai Nagar Bye Pass Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 Ganagai Nagar Bye Pass Road

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Ganagai Nagar Bye Pass Road guideline value

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

How the guideline value of Ganagai Nagar Bye Pass Road has changed

The guideline value for Ganagai Nagar Bye Pass Road has seen revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 12,000 per sq.ft. The latest revision in 2024 has increased this figure to Rs 13,200 per sq.ft, marking a change of +10% from the 2012 revision.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only revisions noted are from 2012 and 2024.

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 in this area is Rs 4,400 per sq.ft, placing Ganagai Nagar Bye Pass Road's 2024 figure above that median.

Stamp duty and registration fee for property in Ganagai Nagar Bye Pass Road

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, charged at 7%, would be Rs 9,24,000, and the registration fee, at 2%, would be Rs 2,64,000. Together, the total cost for these fees would be Rs 11,88,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganagai Nagar Bye Pass Road?

The Ganagai Nagar Bye Pass Road is covered by 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 in property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is referenced to assess the applicable charges. It is essential to consider the guideline value alongside the sale price, as the higher of the two will be used for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Ganagai Nagar Bye Pass Road?

The current guideline value for Ganagai Nagar Bye Pass 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 13,200 per sq.ft in 2024, which is an increase of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft. Ganagai Nagar Bye Pass Road's 2024 figure is above this median.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Ganagai Nagar Bye Pass Road is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in the Ganagai Nagar Bye Pass Road area.