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Guideline Value

Corporate

Guideline Value for Orandiyamman Koil 1st Avenue

₹3850/sq.ft.

The guideline value for Orandiyamman Koil 1st Avenue 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 ₹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 Orandiyamman Koil 1st Avenue

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Orandiyamman Koil 1st Avenue guideline value

The current guideline value of Orandiyamman Koil 1st Avenue 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 Orandiyamman Koil 1st Avenue has changed

The guideline value for Orandiyamman Koil 1st Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,500 per sq.ft. Prior to that, the value was Rs 2,345 per sq.ft in 2017, reflecting a significant increase of 49% from that year to 2023. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, indicating a decrease of 33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. This demonstrates the fluctuations in property values over the years, with the most notable increase occurring between 2017 and 2023.

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 the 2024 value of Orandiyamman Koil 1st Avenue below the median.

Stamp duty and registration fee for property in Orandiyamman Koil 1st Avenue

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, bringing the total 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 more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Orandiyamman Koil 1st Avenue?

The Sub Registrar Office that covers Orandiyamman Koil 1st Avenue 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 plays a crucial role in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer and seller must consider the guideline value for calculating the applicable stamp duty and registration fees. This ensures that the transaction complies with legal requirements and reflects the property's value in the official records.

Frequently asked questions

What is the current guideline value of Orandiyamman Koil 1st Avenue?

The current guideline value of Orandiyamman Koil 1st Avenue 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 2023 to Rs 3,850 per sq.ft in 2024, a 10% increase. It was Rs 2,345 per sq.ft in 2017, showing a 49% increase to 2023, and Rs 3,500 per sq.ft in 2012, which was a decrease of 33% from 2017.

What is the land classification for Orandiyamman Koil 1st Avenue?

Orandiyamman Koil 1st Avenue is classified as Residential Class II Type - III, indicating its designation for residential use within the area.

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

The Velacheri Sub Registrar Office covers Orandiyamman Koil 1st Avenue and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500.