Guideline Value

Corporate

Guideline Value for Narasingapuram Extn 4rd Street

₹4400/sq.ft.

The guideline value for Narasingapuram Extn 4rd 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 Street

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Narasingapuram Extn 4rd Street guideline value

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

The guideline value for Narasingapuram Extn 4rd Street has seen several revisions over the years. The 2012 revision recorded a guideline value of Rs 4,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision has increased this value to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Velachery

In Velachery, there are 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 guideline value is Rs 4,400 per sq.ft, which matches the current value of Narasingapuram Extn 4rd Street.

Stamp duty and registration fee for property in Narasingapuram Extn 4rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Narasingapuram Extn 4rd Street?

The Sub Registrar Office that covers Narasingapuram Extn 4rd 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

When buying or selling property in Velachery, the guideline value is used as a benchmark for calculating stamp duty and registration fees. This value helps ensure that the fees are based on a standardized assessment of property values in the area.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Understanding these values can help in making informed decisions when engaging in property transactions.

Frequently asked questions

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

The current guideline value of Narasingapuram Extn 4rd 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 has remained at Rs 4,000 per sq.ft from the 2012 revision until the 2023 revision. The value increased to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

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

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

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

For a plot of 1,000 sq.ft, the total guideline value is Rs 44,00,000. The stamp duty at 7% is Rs 3,08,000, and the registration fee at 2% is Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this street?

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