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Guideline Value

Corporate

Guideline Value for Gandhi Salai Vallalar Street

₹4400/sq.ft.

The guideline value for Gandhi Salai Vallalar Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. 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 ₹4000 /sq.ft.
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 Vallalar Street

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Gandhi Salai Vallalar Street guideline value

The current guideline value of Gandhi Salai Vallalar 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 Vallalar Street has changed

The guideline value for Gandhi Salai Vallalar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 4,000 per sq.ft, showing no change from the previous revision. However, the 2024 revision saw an increase to Rs 4,400 per sq.ft, marking a 10% increase from the 2023 figure.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2017 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 in this area is Rs 4,400 per sq.ft, which is equal to the current guideline value of Gandhi Salai Vallalar Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be 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 guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi Salai Vallalar Street?

The Sub Registrar Office that covers Gandhi Salai Vallalar Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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 when buying or selling property. Buyers must be aware that the guideline value is the basis for calculating these fees, which are essential for the legal transfer of property ownership.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value as per government regulations. It is important for both buyers and sellers to understand this value, as it affects the overall cost of the transaction and compliance with local laws.

Frequently asked questions

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

The current guideline value of Gandhi Salai Vallalar 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 for this street was Rs 4,000 per sq.ft in 2012 and 2023, and it increased to Rs 4,400 per sq.ft in 2024, representing a 10% increase from the previous year.

What is the classification of Gandhi Salai Vallalar Street?

Gandhi Salai Vallalar Street is classified as Residential Class II Type - II.

Which office handles registrations for Gandhi Salai Vallalar Street?

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

What is the median guideline value in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which is the same as the current guideline value for Gandhi Salai Vallalar Street.