Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Narayani Apartments (Velan Nagar)

₹2750/sq.ft.

The guideline value for Narayani Apartments (velan Nagar) in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 ₹500 /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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Narayani Apartments (velan Nagar)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Narayani Apartments (Velan Nagar) guideline value

The current guideline value of Narayani Apartments (Velan Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Narayani Apartments (Velan Nagar) has changed

The guideline value for Narayani Apartments has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, this value dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%.

In 2023, the guideline value increased to Rs 2,500 per sq.ft, and further rose by 10% to Rs 2,750 per sq.ft in the 2024 revision. Overall, from 2007 to 2024, the guideline value has increased by 450% for this street. The register has no figures for the years 2002 and 2003.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value for Narayani Apartments is below this median.

Stamp duty and registration fee for property in Narayani Apartments (Velan Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Narayani Apartments (Velan Nagar)?

The Narayani Apartments (Velan Nagar) falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps in determining the official price at which the property is registered. This ensures transparency in transactions and aids in the proper documentation of property ownership.

Frequently asked questions

What is the current guideline value of Narayani Apartments (Velan Nagar)?

The current guideline value of Narayani Apartments (Velan Nagar) is Rs 2,750 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 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the stamp duty for properties in Narayani Apartments?

The stamp duty for properties in Narayani Apartments is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I approach for transactions in Narayani Apartments?

The Virugambakkam Sub Registrar Office covers Narayani Apartments (Velan Nagar). It is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Narayani Apartments?

The land classification for Narayani Apartments (Velan Nagar) is Residential Class IV Type - I, indicating its designated use for residential purposes.