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Guideline Value

Corporate

Guideline Value for Gangai Nagar 100 Ft Bye Pass Road

₹13200/sq.ft.

The guideline value for Gangai Nagar 100 Ft Bye Pass Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹12000 /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 Gangai Nagar 100 Ft Bye Pass Road

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Gangai Nagar 100 Ft Bye Pass Road guideline value

The current guideline value of Gangai Nagar 100 Ft Bye Pass Road is Rs 13,200 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 Commercial Class I Type - I.

How the guideline value of Gangai Nagar 100 Ft Bye Pass Road has changed

The guideline value for Gangai Nagar 100 Ft Bye Pass Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 12,000 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 12,000 per sq.ft, indicating no change from 2012 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value across these streets is Rs 4,400 per sq.ft, placing Gangai Nagar 100 Ft Bye Pass Road above this median.

Stamp duty and registration fee for property in Gangai Nagar 100 Ft Bye Pass Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty, charged at 7%, would be Rs 9,24,000, while the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gangai Nagar 100 Ft Bye Pass Road?

The Sub Registrar Office that covers Gangai Nagar 100 Ft Bye Pass 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 registration process when buying or selling property in Velachery. It serves as the benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is used to calculate the fees based on the higher of either the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gangai Nagar 100 Ft Bye Pass Road?

The current guideline value of Gangai Nagar 100 Ft Bye Pass Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, marking a 10% increase. The value remained the same at Rs 12,000 per sq.ft from 2012 to 2023.

What is the land classification for Gangai Nagar 100 Ft Bye Pass Road?

The land classification for Gangai Nagar 100 Ft Bye Pass Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 11,88,000.

Where is the Sub Registrar Office for Gangai Nagar 100 Ft Bye Pass Road located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, and it is responsible for property registrations in this area.