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Guideline Value

Corporate

Guideline Value for Nehru Nagar Anna Street Lane

₹3850/sq.ft.

The guideline value for Nehru Nagar Anna Street Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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 Nehru Nagar Anna Street Lane

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Nehru Nagar Anna Street Lane guideline value

The current guideline value of Nehru Nagar Anna Street Lane is Rs 3,850 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 - III.

How the guideline value of Nehru Nagar Anna Street Lane has changed

The guideline value for Nehru Nagar Anna Street Lane has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 3,500 per sq.ft. This value decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 3,850 per sq.ft, reflecting a rise of 64% from the 2017 figure. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street.

Overall, when comparing the 2012 figure of Rs 3,500 per sq.ft to the current 2024 value of Rs 3,850 per sq.ft, there has been a modest increase of 10%. This indicates fluctuations in the guideline value over the years, with notable changes occurring between the revisions.

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 in this area is Rs 4,400 per sq.ft, placing Nehru Nagar Anna Street Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Nehru Nagar Anna Street Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty, charged at 7%, amounts to Rs 2,69,500, while the registration fee at 2% is Rs 77,000, bringing the total cost to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Nagar Anna Street Lane?

The Nehru Nagar Anna Street Lane is covered by 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 plays a crucial role during property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the government and is regularly updated to reflect changes in the real estate market.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, regardless of market fluctuations.

Frequently asked questions

What is the current guideline value of Nehru Nagar Anna Street Lane?

The current guideline value of Nehru Nagar Anna Street Lane is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, and then increased to Rs 3,850 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification of Nehru Nagar Anna Street Lane?

Nehru Nagar Anna Street Lane is classified as Residential Class II Type - III, which indicates its designation for residential use within the area.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Nehru Nagar Anna Street Lane is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles all registration processes for properties in the area.