Guideline Value

Corporate

Guideline Value for Secretariat Colony 1st Main Road

₹4400/sq.ft.

The guideline value for Secretariat Colony 1st Main Road 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 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /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 Secretariat Colony 1st Main Road

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Secretariat Colony 1st Main Road guideline value

The current guideline value of Secretariat Colony 1st Main Road 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 Secretariat Colony 1st Main Road has changed

The guideline value for Secretariat Colony 1st Main Road has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 4,000 per sq.ft. This figure remained until the latest revision in 2024, which increased the value to Rs 4,400 per sq.ft, marking a change of +10% from the 2012 revision.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. The 2024 revision is significant as it aligns with the median guideline value for the 2,691 streets in Velachery under the Velacheri SRO, which ranges from Rs 3,300 to Rs 13,200 per sq.ft.

Guideline values in Velachery

In Velachery, the guideline values vary widely, with the median value being Rs 4,400 per sq.ft, which is the same as the current value for Secretariat Colony 1st Main Road. Below are some other streets in Velachery with their respective guideline values:

Stamp duty and registration fee for property in Secretariat Colony 1st Main Road

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, bringing the total fees to 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Secretariat Colony 1st Main Road?

The Sub Registrar Office that covers Secretariat Colony 1st Main Road 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 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 government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall cost of the transaction. Buyers should consider the guideline value to ensure compliance with legal requirements and to avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value of Secretariat Colony 1st Main Road?

The current guideline value of Secretariat Colony 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, marking a change of +10%. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the stamp duty for property in Secretariat Colony 1st Main Road?

The stamp duty for property in Secretariat Colony 1st Main Road is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty amounts to Rs 3,08,000 at the current guideline value.

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

The Sub Registrar Office that covers Secretariat Colony 1st Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the guideline value determined?

The guideline value is determined based on various factors, including land classification and the median values of surrounding streets. It serves as a reference for property transactions and is updated periodically by the Registration Department.