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Guideline Value

Corporate

Guideline Value for Rajalakshmi Nagar 10th Cross Street

₹4400/sq.ft.

The guideline value for Rajalakshmi Nagar 10th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹1800 /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.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 Rajalakshmi Nagar 10th Cross Street

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Rajalakshmi Nagar 10th Cross Street guideline value

The current guideline value of Rajalakshmi Nagar 10th Cross Street is Rs 4,400 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 - II.

How the guideline value of Rajalakshmi Nagar 10th Cross Street has changed

The guideline value for Rajalakshmi Nagar 10th Cross Street has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 1,800 per sq.ft. This rose to Rs 2,680 per sq.ft in the 2017 revision, marking an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, representing a significant increase of 64% from the 2017 figure. It is important to note that there are no figures available for the years 2002, 2003, 2012, and 2023 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 144%. This reflects the changes in the valuation of properties in the area over the years.

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 is Rs 4,400 per sq.ft, which is equal to the current figure for Rajalakshmi Nagar 10th Cross Street.

Stamp duty and registration fee for property in Rajalakshmi Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to 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, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rajalakshmi Nagar 10th Cross Street?

The Sub Registrar Office that covers Rajalakshmi Nagar 10th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more details, you can find your SRO.

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 stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is legally compliant. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rajalakshmi Nagar 10th Cross Street?

The current guideline value of Rajalakshmi Nagar 10th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly, from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 144%.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Rajalakshmi Nagar 10th Cross Street?

The Velacheri Sub Registrar Office handles registrations for Rajalakshmi Nagar 10th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Are there any years without guideline value figures for this street?

Yes, there are no guideline value figures available for the years 2002, 2003, 2012, and 2023 for Rajalakshmi Nagar 10th Cross Street.