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Guideline Value

Corporate

Guideline Value for Sachidanandam Nagar Extn 3rd Street

₹3850/sq.ft.

The guideline value for Sachidanandam Nagar Extn 3rd 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 Sachidanandam Nagar Extn 3rd Street

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Sachidanandam Nagar Extn 3rd Street guideline value

The current guideline value of Sachidanandam Nagar Extn 3rd 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 Sachidanandam Nagar Extn 3rd Street has changed

The guideline value for Sachidanandam Nagar Extn 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 2,345 per sq.ft. This increased to Rs 3,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 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 in this area is Rs 4,400 per sq.ft, indicating that Sachidanandam Nagar Extn 3rd Street's current value is below this median.

Stamp duty and registration fee for property in Sachidanandam Nagar Extn 3rd 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, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sachidanandam Nagar Extn 3rd Street?

The Sachidanandam Nagar Extn 3rd Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buyers and sellers engage in a property transaction, the guideline value helps to determine the official value of the property for legal purposes. This ensures transparency and consistency in the registration process, protecting both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Sachidanandam Nagar Extn 3rd Street?

The current guideline value of Sachidanandam Nagar Extn 3rd 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, marking an overall increase of 64%. The value rose by 49% from 2017 to 2023 and then by 10% from 2023 to 2024.

What is the land classification of Sachidanandam Nagar Extn 3rd Street?

The land classification for Sachidanandam Nagar Extn 3rd Street is Residential Class II Type - III, indicating its designation for residential use.

Where can I find the registration office for Sachidanandam Nagar Extn 3rd Street?

The Velacheri Sub Registrar Office covers Sachidanandam Nagar Extn 3rd Street, 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 guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 3,850 per sq.ft would incur a total guideline value of Rs 38,50,000, leading to a stamp duty of Rs 2,69,500.