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Guideline Value

Corporate

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

₹4400/sq.ft.

The guideline value for Gangai Nagar 5th Main Road 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 ₹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 5th Cross Street

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

The current guideline value for Gangai Nagar 5th Main Road 5th Cross Street is Rs 4,400 per sq.ft. 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 Main Road 5th Cross Street has changed

The guideline value for Gangai Nagar 5th Main Road 5th Cross Street has seen significant changes over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2023. However, in the 2017 revision, the guideline value was set at Rs 2,680 per sq.ft, which increased to Rs 4,400 per sq.ft in the 2024 revision, marking a change of +64%.

From the 2017 revision to the 2024 revision, the increase reflects a substantial adjustment in the guideline value. The current rate of Rs 4,400 per sq.ft aligns with the median value for the 2,691 streets in Velachery under the Velacheri SRO, which ranges from Rs 3,300 to Rs 13,200 per sq.ft.

Guideline values in Velachery

In Velachery, the guideline values for various streets reflect a wide range, with the median value being Rs 4,400 per sq.ft. Gangai Nagar 5th Main Road 5th Cross Street's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Gangai Nagar 5th Main Road 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 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 fees to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

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

The Sub Registrar Office that covers Gangai Nagar 5th Main Road 5th Cross 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 more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of Gangai Nagar 5th Main Road 5th 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, reflecting a change of +64%.

What are the guideline values for other streets in Velachery?

Other streets in Velachery under the Velacheri SRO have guideline values that range from Rs 3,300 to Rs 13,200 per sq.ft, with the median value being Rs 4,400 per sq.ft.

What fees are associated with buying property in Gangai Nagar 5th Main Road 5th Cross Street?

When buying property, the total fees include a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Gangai Nagar 5th Main Road 5th Cross Street?

The Sub Registrar Office for Gangai Nagar 5th Main Road 5th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.