Guideline Value

Corporate

Guideline Value for Secretariat Colony 1st Street

₹4400/sq.ft.

The guideline value for Secretariat Colony 1st Street 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 Street

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Secretariat Colony 1st Street guideline value

The current guideline value of Secretariat Colony 1st Street is Rs 4,400 per sq.ft. 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 Street has changed

The guideline value for Secretariat Colony 1st Street has seen changes over the years. The register indicates that in 2012, the guideline value was Rs 4,000 per sq.ft. Following the 2024 revision, the value increased to Rs 4,400 per sq.ft, marking a 10% increase from the 2012 figure.

For the years 2023, 2017, 2007, 2003, and 2002, the register has no figure for this street. Therefore, the only available revisions are from 2012 and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Secretariat Colony 1st Street.

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

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 to Rs 3,96,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Secretariat Colony 1st Street?

The Secretariat Colony 1st Street is covered by 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 used as a benchmark for determining the stamp duty and registration fees when buying or selling property in Velachery. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

When registering a property, the guideline value serves as a reference point, and the applicable fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Secretariat Colony 1st Street 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, reflecting a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What are the other streets with the same guideline value in Velachery?

Other streets in Velachery with the same guideline value of Rs 4,400 per sq.ft include Secretariat Colony 1st Main Road, Secretariat Colony 1st Cross Street, Secretariat Colony 2nd Main Road, Secretariat Colony 2nd Street, and Secretariat Colony 3rd Street.

How is the stamp duty calculated for properties in Secretariat Colony 1st Street?

The stamp duty for properties in Secretariat Colony 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total stamp duty of Rs 3,08,000.

Where can I find more information about the Sub Registrar Office?

The Velacheri Sub Registrar Office covers Secretariat Colony 1st Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more details by visiting the appropriate link to locate your SRO.