Guideline Value

Corporate

Guideline Value for Narasingapuram Extn 5th Cross Street

₹4400/sq.ft.

The guideline value for Narasingapuram Extn 5th 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 5th Cross Street

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Narasingapuram Extn 5th Cross Street guideline value

The current guideline value of Narasingapuram Extn 5th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the jurisdiction of the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Narasingapuram Extn 5th Cross Street has changed

The guideline value for Narasingapuram Extn 5th Cross Street has undergone several revisions. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, a 10% increase from Rs 4,000 per sq.ft in the 2023 revision. The 2012 revision also recorded a guideline value of Rs 4,000 per sq.ft, indicating no change from 2012 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, the guideline value increased by 10% from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the guideline value for Narasingapuram Extn 5th Cross Street.

Stamp duty and registration fee for property in Narasingapuram Extn 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, charged at 7%, would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Therefore, the total cost for stamp duty and registration fee would be Rs 3,96,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Narasingapuram Extn 5th Cross Street?

The Narasingapuram Extn 5th Cross Street falls under 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 crucial factor during property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value will influence 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 and fees. This ensures that the registration process is aligned with the current market standards as determined by the government.

Frequently asked questions

What is the current guideline value of Narasingapuram Extn 5th Cross Street?

The current guideline value of Narasingapuram Extn 5th 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 2023 to Rs 4,400 per sq.ft in 2024. There was no change from 2012 to 2023, with the value remaining at Rs 4,000 per sq.ft during that period.

What is the land classification for Narasingapuram Extn 5th Cross Street?

The land classification for Narasingapuram Extn 5th Cross Street is Residential Class II Type - II, indicating its suitability for residential development.

What is the registration office for Narasingapuram Extn 5th Cross Street?

The Velacheri Sub Registrar Office covers Narasingapuram Extn 5th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Narasingapuram Extn 5th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.