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Guideline Value

Corporate

Guideline Value for Gandhi Salai Link Road

₹4400/sq.ft.

The guideline value for Gandhi Salai Link Road 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 ₹1800 /sq.ft.
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 Link Road

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Gandhi Salai Link Road guideline value

The current guideline value of Gandhi Salai Link Road 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 Gandhi Salai Link Road has changed

The guideline value for Gandhi Salai Link Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,800 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a change of +122%. The most recent revision in 2024 saw the value rise to Rs 4,400 per sq.ft, which is an increase of +10% from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +144%. It's important to note that there are no figures available for the revisions in 2002, 2003, 2017, and 2023 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 is the same as the current value for Gandhi Salai Link Road.

Stamp duty and registration fee for property in Gandhi Salai Link Road

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 is charged at 7%, which totals Rs 3,08,000, and the registration fee is 2%, amounting to Rs 88,000. Together, these fees total Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi Salai Link Road?

The Sub Registrar Office that covers Gandhi Salai Link 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 more details.

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

The guideline value plays a crucial role in the property registration process in Velachery. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to reference the current guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate landscape, and it is important for both buyers and sellers to stay informed about these updates.

Frequently asked questions

What is the current guideline value of Gandhi Salai Link Road?

The current guideline value of Gandhi Salai Link Road 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 changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +144% over the years.

Where can I find the registration office for Gandhi Salai Link Road?

The Velacheri Sub Registrar Office covers Gandhi Salai Link Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the stamp duty rate for properties in Gandhi Salai Link Road?

The stamp duty for properties in Gandhi Salai Link Road is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value in Velachery?

Yes, there are several other streets in Velachery that also have a guideline value of Rs 4,400 per sq.ft as of 2024.