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Guideline Value

Corporate

Guideline Value for Nehru Nagar Pillaiyar Koil Street

₹3850/sq.ft.

The guideline value for Nehru Nagar Pillaiyar Koil Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Pillaiyar Koil Street

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Nehru Nagar Pillaiyar Koil Street guideline value

The current guideline value of Nehru Nagar Pillaiyar Koil Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - III land classification.

How the guideline value of Nehru Nagar Pillaiyar Koil Street has changed

The guideline value for Nehru Nagar Pillaiyar Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 2,345 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in the 2023 revision, marking a change of 49%. The current 2024 revision has further increased the value to Rs 3,850 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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 for these streets is Rs 4,400 per sq.ft, placing Nehru Nagar Pillaiyar Koil Street's 2024 figure below that median.

Stamp duty and registration fee for property in Nehru Nagar Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Nagar Pillaiyar Koil Street?

The Sub Registrar Office that covers Nehru Nagar Pillaiyar Koil 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

The guideline value is a crucial factor when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property for registration purposes.

When engaging in a property transaction, it is essential to understand that the guideline value may differ from the actual sale price. The registration office will charge the stamp duty based on the higher of these two values, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Nehru Nagar Pillaiyar Koil Street?

The current guideline value of Nehru Nagar Pillaiyar Koil Street 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 increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, reflecting a 64% increase overall. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Nehru Nagar Pillaiyar Koil Street?

Nehru Nagar Pillaiyar Koil Street falls under the Residential Class II Type - III land classification.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2%. For example, for a property valued at Rs 38,50,000, the total fees would amount to Rs 3,46,500.

Where can I find the Sub Registrar Office for this street?

The Velacheri Sub Registrar Office covers Nehru Nagar Pillaiyar Koil Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.