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Guideline Value

Corporate

Guideline Value for Grey Nagar 1st cross Street

₹2700/sq.ft.

The guideline value for Grey Nagar 1st Cross Street in Vepery village (Periamet SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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 Grey Nagar 1st Cross Street

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Grey Nagar 1st cross Street guideline value

The current guideline value of Grey Nagar 1st cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Grey Nagar 1st cross Street has changed

The guideline value of Grey Nagar 1st cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 317% rise. However, this value decreased to Rs 1,675 per sq.ft in the 2017 revision, reflecting a 33% drop. The value then surged to Rs 2,500 per sq.ft in 2023, which was a 49% increase from the previous revision.

As of the 2024 revision, the guideline value stands at Rs 2,700 per sq.ft, representing an 8% increase from the 2023 figure. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 350%.

Guideline values in Vepery

In Vepery village, 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. The median guideline value for these streets is Rs 4,800 per sq.ft, indicating that the guideline value of Grey Nagar 1st cross Street is below this median.

Stamp duty and registration fee for property in Grey Nagar 1st cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Grey Nagar 1st cross Street?

The Sub Registrar Office that covers Grey Nagar 1st cross Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

When buying or selling property in Vepery, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and is used as a benchmark for calculating these fees during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. This ensures that both parties are informed about the financial obligations involved in the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Grey Nagar 1st cross Street?

The current guideline value of Grey Nagar 1st cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 350%.

What are the stamp duty and registration fees for property in Grey Nagar 1st cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000. The stamp duty is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Grey Nagar 1st cross Street?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, covers Grey Nagar 1st cross Street.

What is the land classification for Grey Nagar 1st cross Street?

Grey Nagar 1st cross Street falls under the Residential Class IV Type - I land classification.