Guideline Value

Corporate

Guideline Value for SRI SANKARA VETRIVEL GARDEN

₹440/sq.ft.

The guideline value for Sri Sankara Vetrivel Garden in Vellivoyal village (Thiruvottiyur SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellivoyal

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sri Sankara Vetrivel Garden

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Sri Sankara Vetrivel Garden guideline value

The current guideline value of Sri Sankara Vetrivel Garden is Rs 440 per sq.ft, effective from 1 July 2024. This property is located in Vellivoyal village under the Thiruvottiyur SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Sri Sankara Vetrivel Garden has changed

The guideline value for Sri Sankara Vetrivel Garden has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 440 per sq.ft, reflecting a further increase of 10% 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 for this street.

Guideline values in Vellivoyal

In Vellivoyal, there are 23 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 275 to Rs 715 per sq.ft. The median value for these streets is Rs 440 per sq.ft, which is equal to the guideline value of Sri Sankara Vetrivel Garden.

Stamp duty and registration fee for property in Sri Sankara Vetrivel Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total cost together to Rs 39,600. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Sankara Vetrivel Garden?

The Sri Sankara Vetrivel Garden is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vellivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller adhere to the legal requirements set by the Registration Department. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Sankara Vetrivel Garden?

The current guideline value of Sri Sankara Vetrivel Garden is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and now to Rs 440 per sq.ft in 2024. This marks an overall increase of 64% from 2017 to 2024.

What are the other streets in Vellivoyal and their guideline values?

Other streets in Vellivoyal include Sri Ram Nagar/Ext at Rs 440 per sq.ft, Subathra Nagar at Rs 330 per sq.ft, Sri Krishna Nagar/Ext at Rs 440 per sq.ft, Thekkan Colony at Rs 440 per sq.ft, Silver Nagar/Ext at Rs 495 per sq.ft, and Thirumurthi Nagar at Rs 715 per sq.ft for 2024.

What are the stamp duty and registration fees for properties?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a property valued at Rs 4,40,000, the total stamp duty and registration fees would be Rs 39,600.

Which office handles the registration for Sri Sankara Vetrivel Garden?

The registration for Sri Sankara Vetrivel Garden is handled by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.