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Guideline Value

Corporate

Guideline Value for General Collins Road (ChurchRoad)

₹7000/sq.ft.

The guideline value for General Collins Road (churchroad) in Vepery village (Periamet SRO, Chennai zone) is Rs 7000 per sq.ft, effective 1 July 2024. It was Rs 6400 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹7000 /sq.ft.
From 1-4-2023 ₹6400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4288 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 General Collins Road (churchroad)

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General Collins Road (ChurchRoad) guideline value

The current guideline value of General Collins Road (ChurchRoad) is Rs 7,000 per sq.ft, effective from 1 July 2024. This road is located in Vepery village, under the Periamet SRO, and is classified as Commercial Class I Type - III.

How the guideline value of General Collins Road (ChurchRoad) has changed

The guideline value for General Collins Road (ChurchRoad) has undergone several revisions over the years. In 2007, the guideline value was Rs 3,000 per sq.ft, which increased to Rs 6,400 per sq.ft in 2012. However, it saw a significant decrease to Rs 4,288 per sq.ft in 2017. The value then rose to Rs 6,400 per sq.ft in 2023 before reaching the current value of Rs 7,000 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2007 to 2012, there was an increase of 113%. The value then decreased by 33% from 2012 to 2017. Following this, there was a substantial increase of 49% from 2017 to 2023, and finally, a 9% rise from 2023 to 2024. The overall increase from 2007 to 2024 is 133%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. General Collins Road (ChurchRoad) has a 2024 guideline value that is above this median.

Stamp duty and registration fee for property in General Collins Road (ChurchRoad)

For a 1,000 sq.ft plot at the current rate of Rs 7,000 per sq.ft, the guideline value would be Rs 70,00,000. The stamp duty at 7% would amount to Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, totaling Rs 6,30,000. It is important to note that the 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 information.

Which Sub Registrar Office covers General Collins Road (ChurchRoad)?

The Sub Registrar Office that covers General Collins Road (ChurchRoad) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Vepery. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning during the transaction process.

When registering a property, the guideline value helps determine the official value of the property for taxation purposes. It is essential for both parties to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of General Collins Road (ChurchRoad)?

The current guideline value of General Collins Road (ChurchRoad) is Rs 7,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 3,000 per sq.ft in 2007 to Rs 6,400 in 2012, then decreasing to Rs 4,288 in 2017, rising to Rs 6,400 in 2023, and finally reaching Rs 7,000 in 2024.

What is the land classification for General Collins Road (ChurchRoad)?

General Collins Road (ChurchRoad) is classified as Commercial Class I Type - III.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000 and the registration fee would be Rs 1,40,000, totaling Rs 6,30,000. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for General Collins Road (ChurchRoad)?

The Sub Registrar Office for General Collins Road (ChurchRoad) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.