Guideline Value

Corporate

Guideline Value for Ganesh Nagar 4th Street

₹3850/sq.ft.

The guideline value for Ganesh Nagar 4th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹665 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹491 /sq.ft.
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 4th Street

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Ganesh Nagar 4th Street guideline value

The current guideline value of Ganesh Nagar 4th Street 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 4th Street has changed

The guideline value for Ganesh Nagar 4th Street has seen significant changes over the years. In 2002, the value was Rs 491 per sq.ft, which increased to Rs 665 per sq.ft in 2003. Following this, the value rose dramatically to Rs 1,800 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,850 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 is 10%. Notably, the overall increase from 2002 to 2024 is a substantial 684%. There are no figures available for any other revisions for this street.

Guideline values in Velachery

In Velachery, there are 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 in this area is Rs 4,400 per sq.ft, making the current value of Ganesh Nagar 4th Street below that median.

Stamp duty and registration fee for property in Ganesh Nagar 4th Street

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, resulting in a total of 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.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganesh Nagar 4th Street?

The Ganesh Nagar 4th Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

When buying or selling property in Velachery, the guideline value serves as a benchmark for determining the official value of the property. This value is crucial during the registration process, as it helps in calculating the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures compliance with legal requirements during property transactions. The guideline value is also used to assess the market price of properties in the area.

Frequently asked questions

What is the current guideline value of Ganesh Nagar 4th Street?

The current guideline value of Ganesh Nagar 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 491 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, showing an overall increase of 684% over the years.

What is the land classification for Ganesh Nagar 4th Street?

Ganesh Nagar 4th Street is classified as Residential Class II Type - III.

What is the stamp duty rate for properties in Ganesh Nagar 4th Street?

The stamp duty rate for properties in Ganesh Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ganesh Nagar 4th Street located?

The Velacheri Sub Registrar Office, which covers Ganesh Nagar 4th Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.