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Guideline Value for Ganesh Nagar 2nd Cross Street, Telephone Colony,

₹3850/sq.ft.

The guideline value for Ganesh Nagar 2nd Cross Street, Telephone Colony, in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Nagar 2nd Cross Street, Telephone Colony,

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Ganesh Nagar 2nd Cross Street, Telephone Colony, guideline value

The current guideline value of Ganesh Nagar 2nd Cross Street, Telephone Colony, is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ganesh Nagar 2nd Cross Street, Telephone Colony, has changed

The guideline value for Ganesh Nagar 2nd Cross Street saw its first recorded figure in the 2017 revision, which was Rs 2,345 per sq.ft. The most recent revision in 2024 has increased this value to Rs 3,850 per sq.ft, reflecting a significant change of +64% over the seven-year period.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The absence of data for these years means we cannot assess any changes during those periods.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, indicating that Ganesh Nagar 2nd Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Ganesh Nagar 2nd Cross Street, Telephone Colony,

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar 2nd Cross Street, Telephone Colony,?

The Ganesh Nagar 2nd Cross Street, Telephone Colony, 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees payable when buying or selling a property, ensuring that the government receives the appropriate revenue based on the property's assessed value.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across different properties in the area.

Frequently asked questions

What is the current guideline value of Ganesh Nagar 2nd Cross Street?

The current guideline value of Ganesh Nagar 2nd Cross Street, Telephone Colony, is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft, reflecting a change of +64% over the seven-year period.

Are there any recorded guideline values for the years 2023, 2012, 2007, 2003, and 2002?

No, the register has no figures for Ganesh Nagar 2nd Cross Street in the years 2023, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in Ganesh Nagar 2nd Cross Street?

The stamp duty rate for properties in Ganesh Nagar 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the registration office for Ganesh Nagar 2nd Cross Street?

The registration office for Ganesh Nagar 2nd Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.