Guideline Value

Corporate

Guideline Value for Narasingapuram Extn 4rd Cross Street

₹4400/sq.ft.

The guideline value for Narasingapuram Extn 4rd Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. 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 ₹4000 /sq.ft.
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 Narasingapuram Extn 4rd Cross Street

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Narasingapuram Extn 4rd Cross Street guideline value

The current guideline value of Narasingapuram Extn 4rd 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 Narasingapuram Extn 4rd Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 4,000 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 4,000 per sq.ft. The most recent revision in 2024 saw an increase of 10%, bringing the guideline value to Rs 4,400 per sq.ft.

Overall, from 2012 to 2024, the guideline value increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of Narasingapuram Extn 4rd Cross Street.

Stamp duty and registration fee for property in Narasingapuram Extn 4rd 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. Together, the total cost for duty and registration would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Narasingapuram Extn 4rd Cross Street?

The Sub Registrar Office that covers Narasingapuram Extn 4rd 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that must be paid to the government during the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the appropriate taxes are collected based on the property's value as determined by the government.

Frequently asked questions

What is the current guideline value of Narasingapuram Extn 4rd Cross Street?

The current guideline value of Narasingapuram Extn 4rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. There were no changes recorded for the years 2003, 2007, and 2017 for this street.

What is the land classification of Narasingapuram Extn 4rd Cross Street?

Narasingapuram Extn 4rd Cross Street is classified as Residential Class II Type - II.

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

For a property with a guideline value of Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Narasingapuram Extn 4rd Cross Street?

The Velacheri Sub Registrar Office handles the registration for Narasingapuram Extn 4rd Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.