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Guideline Value

Corporate

Guideline Value for Gangai Nagar 5th Cross Street

₹4400/sq.ft.

The guideline value for Gangai Nagar 5th Cross 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 5th Cross Street

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Gangai Nagar 5th Cross Street guideline value

The current guideline value of Gangai Nagar 5th Cross 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 5th Cross Street has changed

The guideline value for Gangai Nagar 5th Cross Street has undergone revisions over the years. In the 2012 revision, the value was set at Rs 4,000 per sq.ft. The latest revision in 2024 increased this value to Rs 4,400 per sq.ft, marking a change of +10% from the 2012 figure. The register has no figure for this street in the years 2023, 2017, 2007, 2003, and 2002.

Comparing the 2012 and 2024 revisions, the increase reflects the current market conditions and the standardization of values across similar properties in the area. The 2024 guideline value aligns with the median value of Rs 4,400 per sq.ft for residential properties in Velachery.

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 value is Rs 4,400 per sq.ft, which is equal to the guideline value of Gangai Nagar 5th Cross Street. Below are some other streets in Velachery:

Stamp duty and registration fee for property in Gangai Nagar 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, these fees would total 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.

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

Which Sub Registrar Office covers Gangai Nagar 5th Cross Street?

The Sub Registrar Office that covers Gangai Nagar 5th Cross Street is 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

The guideline value is a crucial factor when registering a property in Velachery. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of sale.

Frequently asked questions

What is the current guideline value of Gangai Nagar 5th Cross Street?

The current guideline value of Gangai Nagar 5th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 4,000 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting a change of +10%.

What are the other streets in Velachery with the same guideline value?

Other streets in Velachery with the same guideline value of Rs 4,400 per sq.ft include Gangai Nagar 4th Street, Gangai Nagar 5th Main Road, and several others.

Where can I find the Velacheri Sub Registrar Office?

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

How is stamp duty calculated on properties in Gangai Nagar 5th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 4,400 per sq.ft, the stamp duty would be Rs 3,08,000.