Guideline Value

Corporate

Guideline Value for Gangai Nagar 100ft Road

₹13200/sq.ft.

The guideline value for Gangai Nagar 100ft 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 100ft Road

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Gangai Nagar 100ft Road guideline value

The current guideline value for Gangai Nagar 100ft 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 100ft Road has changed

Over the years, the guideline value for Gangai Nagar 100ft Road has undergone several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 12,000 per sq.ft. This figure remained unchanged until the next revision in 2023, which also listed the value at Rs 12,000 per sq.ft. However, in 2024, the guideline value saw an increase to Rs 13,200 per sq.ft, marking a 10% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is a 10% increase. It is important to note that there are no figures available for the revisions from 2002, 2003, 2007, and 2017 for this street.

Guideline values in Velachery

In Velachery, there are a total of 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 value for these streets is Rs 4,400 per sq.ft, placing Gangai Nagar 100ft Road above this median value.

Stamp duty and registration fee for property in Gangai Nagar 100ft 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 at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total cost to Rs 11,88,000. It is important to note that the 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 100ft Road?

The Sub Registrar Office that covers Gangai Nagar 100ft 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 when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to accurately calculate the associated costs.

When a property is registered, the guideline value or the sale price is considered, whichever is higher, to determine the applicable duties. 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 100ft Road?

The current guideline value of Gangai Nagar 100ft 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 changed from Rs 12,000 per sq.ft in 2012 to Rs 12,000 per sq.ft in 2023, and then increased to Rs 13,200 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the land classification for Gangai Nagar 100ft Road?

The land classification for Gangai Nagar 100ft Road is Commercial Class I Type - I.

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

For a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.

Where can I find the Sub Registrar Office for Gangai Nagar 100ft Road?

The Sub Registrar Office for Gangai Nagar 100ft Road is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.