Guideline Value

Corporate

Guideline Value for Nehru Nagar : -

₹4400/sq.ft.

The guideline value for Nehru Nagar : - 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 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹173 /sq.ft.
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 Nehru Nagar : -

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Nehru Nagar : - guideline value

The current guideline value for Nehru Nagar : - is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is part of Velachery village, falling under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Nehru Nagar : - has changed

The guideline value for Nehru Nagar has seen several revisions over the years. Starting from Rs 173 per sq.ft in 2002, it increased significantly to Rs 1,500 per sq.ft in 2007. The value then rose to Rs 4,000 per sq.ft in 2012, but saw a decline to Rs 2,680 per sq.ft by 2017. The value rebounded to Rs 4,000 per sq.ft in 2023 and is now set at Rs 4,400 per sq.ft from July 2024. The register has no figure for this street in 2003.

In terms of percentage changes, the guideline value increased by 767% from 2002 to 2007, followed by a 167% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value surged by 49% from 2017 to 2023 and has increased by 10% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 2443%.

Guideline values in Velachery

In Velachery, there are 2691 streets under the Velacheri SRO with 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 matches the current guideline value for Nehru Nagar.

Stamp duty and registration fee for property in Nehru Nagar : -

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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total 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.

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

Which Sub Registrar Office covers Nehru Nagar : -?

Nehru Nagar : - is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Velachery. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are fairly assessed according to the established values.

Frequently asked questions

What is the current guideline value for Nehru Nagar : -?

The current guideline value for Nehru Nagar : - 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 changed significantly from Rs 173 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 2443% over this period.

What is the land classification for Nehru Nagar : -?

Nehru Nagar : - is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Nehru Nagar : -?

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