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Guideline Value

Corporate

Guideline Value for Sachidanandam Nagar Extn 4th Street

₹3850/sq.ft.

The guideline value for Sachidanandam Nagar Extn 4th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. 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 N/A
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 4th Street

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Sachidanandam Nagar Extn 4th Street guideline value

The current guideline value of Sachidanandam Nagar Extn 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the jurisdiction of the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Sachidanandam Nagar Extn 4th Street has changed

The guideline value for Sachidanandam Nagar Extn 4th Street has seen significant changes over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, and the most recent 2024 revision increased it to Rs 3,850 per sq.ft, marking a change of +64% over this period. There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002.

In summary, from the 2017 revision to the 2024 revision, the guideline value has risen substantially. The earlier revisions do not provide figures for this street, indicating a lack of historical data for those periods.

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, which means that Sachidanandam Nagar Extn 4th Street's current value is below this median.

Stamp duty and registration fee for property in Sachidanandam Nagar Extn 4th 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 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.

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

Which Sub Registrar Office covers Sachidanandam Nagar Extn 4th Street?

The Sachidanandam Nagar Extn 4th Street falls under the Velacheri Sub Registrar Office. The address is No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, in the Chennai registration zone. 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 during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value and the actual sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sachidanandam Nagar Extn 4th Street?

The current guideline value of Sachidanandam Nagar Extn 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft, which is a change of +64%.

Are there any revisions without figures for this street?

Yes, there are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for Sachidanandam Nagar Extn 4th Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, or by using the find your SRO link for more information.