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Guideline Value

Corporate

Guideline Value for Gangai Nagar 5th Main Road 3rd Cross Street

₹4400/sq.ft.

The guideline value for Gangai Nagar 5th Main Road 3rd 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 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Main Road 3rd Cross Street

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Gangai Nagar 5th Main Road 3rd Cross Street guideline value

The current guideline value for Gangai Nagar 5th Main Road 3rd 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, classified as Residential Class II Type - II.

How the guideline value of Gangai Nagar 5th Main Road 3rd Cross Street has changed

In the 2017 revision, the guideline value was Rs 2,680 per sq.ft. With the latest revision in 2024, the value increased significantly to Rs 4,400 per sq.ft, marking a change of +64%. The register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 to the 2024 revision, the guideline value saw a substantial increase. The 2024 figure of Rs 4,400 per sq.ft aligns with the median value for residential properties in Velachery, which ranges from Rs 3,300 to Rs 13,200 per sq.ft.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, with the median being Rs 4,400 per sq.ft. Gangai Nagar 5th Main Road 3rd Cross Street's 2024 figure is equal to this median, reflecting its standing among other streets in the area.

Stamp duty and registration fee for property in Gangai Nagar 5th Main Road 3rd 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 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 to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangai Nagar 5th Main Road 3rd Cross Street?

The Gangai Nagar 5th Main Road 3rd Cross Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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 is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is in line with the prevailing rates in the area. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Gangai Nagar 5th Main Road 3rd Cross Street?

The current guideline value for Gangai Nagar 5th Main Road 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, which is a change of +64%.

Are there any revisions without figures for this street?

Yes, the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for Gangai Nagar 5th Main Road 3rd Cross Street.

What is the land classification for this street?

The land classification for Gangai Nagar 5th Main Road 3rd Cross Street is Residential Class II Type - II.

Where is the Velacheri Sub Registrar Office located?

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