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Guideline Value

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Guideline Value for Ganesh Avenue, Nethaji Colony 6th Cross Street

₹4400/sq.ft.

The guideline value for Ganesh Avenue, Nethaji Colony 6th Cross 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 ₹2680 /sq.ft.
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 Ganesh Avenue, Nethaji Colony 6th Cross Street

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Ganesh Avenue, Nethaji Colony 6th Cross Street guideline value

The current guideline value for Ganesh Avenue, Nethaji Colony 6th Cross 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 falls under the Residential Class II Type - II land classification.

How the guideline value of Ganesh Avenue, Nethaji Colony 6th Cross Street has changed

The guideline value for Ganesh Avenue, Nethaji Colony 6th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 4,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 Ganesh Avenue, Nethaji Colony 6th Cross Street.

Stamp duty and registration fee for property in Ganesh Avenue, Nethaji Colony 6th Cross Street

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 at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Avenue, Nethaji Colony 6th Cross Street?

The Ganesh Avenue, Nethaji Colony 6th Cross Street falls under the jurisdiction of 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 is a crucial factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation rather than the sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current rates to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ganesh Avenue, Nethaji Colony 6th Cross Street?

The current guideline value for Ganesh Avenue, Nethaji Colony 6th Cross 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 has seen several revisions, starting from Rs 4,000 per sq.ft in 2012, decreasing to Rs 2,680 per sq.ft in 2017, and then increasing to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 has set it at Rs 4,400 per sq.ft.

What is the land classification for this street?

Ganesh Avenue, Nethaji Colony 6th Cross Street is classified under Residential Class II Type - II.

Where can I find the Velacheri Sub Registrar Office?

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

How do stamp duty and registration fees work in Velachery?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. It is important for buyers and sellers to understand these costs to ensure a smooth registration process.