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Guideline Value

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Guideline Value for Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross,

₹4400/sq.ft.

The guideline value for Seethapathy (dr) Nagar East , Vgp Shathi Street, 1st Cross, 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 ₹2680 /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 Seethapathy (dr) Nagar East , Vgp Shathi Street, 1st Cross,

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Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross, guideline value

The current guideline value for Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross, is Rs 4,400 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 - II land classification.

How the guideline value of Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross, has changed

The guideline value for Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross, has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 2,680 per sq.ft. This figure increased to Rs 4,400 per sq.ft in the 2024 revision, marking a rise of 64%.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street. The only revisions that provide a guideline value are from 2017 and 2024.

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 is equal to the guideline value of Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross.

Stamp duty and registration fee for property in Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross,

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross,?

The Sub Registrar Office that covers Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross, 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 component when registering property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers must be aware that the guideline value is used to calculate the applicable duties, ensuring that the transaction is compliant with local regulations. It is crucial to refer to the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross?

The current guideline value for Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross, is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in the 2024 revision, which is a change of 64%.

What is the land classification for this street?

Seethapathy (Dr) Nagar East , VGP Shathi Street, 1st Cross, falls under the Residential Class II Type - II land classification.

Where is the Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.