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Guideline Value

Corporate

Guideline Value for Gandhi Salai Kamarajar Street

₹4400/sq.ft.

The guideline value for Gandhi Salai Kamarajar Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /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 Gandhi Salai Kamarajar Street

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Gandhi Salai Kamarajar Street guideline value

The current guideline value of Gandhi Salai Kamarajar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Gandhi Salai Kamarajar Street has changed

The guideline value for Gandhi Salai Kamarajar Street has seen changes over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then increased to Rs 4,400 per sq.ft in the 2024 revision, marking a change of +10%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2012 revision, the register does not provide figures for the years 2002, 2003, 2007, and 2017. The 2024 revision's figure of Rs 4,400 per sq.ft aligns with the median guideline value for streets in Velachery, which ranges from Rs 3,300 to Rs 13,200 per sq.ft.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, with the median being Rs 4,400 per sq.ft. Gandhi Salai Kamarajar Street's current guideline value matches this median.

Stamp duty and registration fee for property in Gandhi Salai Kamarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Salai Kamarajar Street?

The Sub Registrar Office that covers Gandhi Salai Kamarajar Street 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 property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used for calculating the duties.

When registering a property, it is essential to refer to the guideline value to ensure compliance with the local regulations. This value is periodically revised to reflect changes in the real estate market, ensuring that it remains relevant for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Gandhi Salai Kamarajar Street?

The current guideline value of Gandhi Salai Kamarajar Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, reflecting a change of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification of Gandhi Salai Kamarajar Street?

Gandhi Salai Kamarajar Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

What is the stamp duty rate in Velachery?

The stamp duty rate in Velachery is 7%, and it is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Gandhi Salai Kamarajar Street?

The Sub Registrar Office for Gandhi Salai Kamarajar Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.