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Guideline Value

Corporate

Guideline Value for Sankaran Avenue Indira Street

₹6600/sq.ft.

The guideline value for Sankaran Avenue Indira Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹6000 /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 Sankaran Avenue Indira Street

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Sankaran Avenue Indira Street guideline value

The current guideline value of Sankaran Avenue Indira Street is Rs 6,600 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 I Type - I.

How the guideline value of Sankaran Avenue Indira Street has changed

In the 2012 revision, the guideline value was Rs 6,000 per sq.ft. This represents an increase of 10% to the current value of Rs 6,600 per sq.ft as per the 2024 revision. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Therefore, the only revisions available are from 2012 to 2024. The increase from Rs 6,000 to Rs 6,600 indicates a significant change in the guideline value over this period.

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, with a median value of Rs 4,400 per sq.ft. The guideline value for Sankaran Avenue Indira Street is above this median.

Stamp duty and registration fee for property in Sankaran Avenue Indira Street

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Sankaran Avenue Indira Street?

The Sub Registrar Office that covers Sankaran Avenue Indira Street 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 is an essential figure used during the registration of property transactions in Velachery. It serves as a basis for calculating the stamp duty and registration fees that buyers need to pay.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is critical for both buyers and sellers. It is important to 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 Sankaran Avenue Indira Street?

The current guideline value of Sankaran Avenue Indira Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 6,000 per sq.ft in 2012 to Rs 6,600 per sq.ft in 2024, which is a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Sankaran Avenue Indira Street?

Sankaran Avenue Indira Street is classified as Residential Class I Type - I. This classification indicates the type of residential development permitted in the area.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Sankaran Avenue Indira Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more information online.