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Guideline Value

Corporate

Guideline Value for Gangai Nagar 4th Street

₹4400/sq.ft.

The guideline value for Gangai Nagar 4th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
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 Gangai Nagar 4th Street

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Gangai Nagar 4th Street guideline value

The current guideline value of Gangai Nagar 4th 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 is classified as Residential Class II Type - II.

How the guideline value of Gangai Nagar 4th Street has changed

The guideline value for Gangai Nagar 4th Street was last revised in 2024, where it increased to Rs 4,400 per sq.ft from Rs 4,000 per sq.ft in the 2012 revision, marking a 10% increase over the 12-year period. There are no figures available for the revisions in the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only recorded revisions for Gangai Nagar 4th Street are from 2012 to 2024, with the value rising from Rs 4,000 to Rs 4,400 per sq.ft. The absence of figures in the intervening years indicates that no changes were documented in the guideline value during those periods.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 2024 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, which is equal to the current guideline value of Gangai Nagar 4th Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 Gangai Nagar 4th Street?

The Sub Registrar Office that covers Gangai Nagar 4th Street 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 further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Velachery. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which ensures that the transaction reflects the property's worth according to official records.

Frequently asked questions

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

The current guideline value of Gangai Nagar 4th 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 increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, which is a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Velachery?

The guideline values for other streets in Velachery are also Rs 4,400 per sq.ft in 2024. This includes several streets such as Gangai Nagar 4th Main Road 5th Cross Street and Gangai Nagar 5th Cross Street.

What fees are associated with buying property in Gangai Nagar 4th Street?

When buying property in Gangai Nagar 4th Street, the stamp duty is 7% of the guideline value, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

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

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