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Guideline Value

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Guideline Value for Seethapathy (Dr)Nagar/VGP Avenue Road

₹4400/sq.ft.

The guideline value for Seethapathy (dr)nagar/vgp Avenue 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 ₹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/vgp Avenue Road

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Seethapathy (Dr)Nagar/VGP Avenue Road guideline value

The current guideline value for Seethapathy (Dr)Nagar/VGP Avenue Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Seethapathy (Dr)Nagar/VGP Avenue Road has changed

The guideline value for Seethapathy (Dr)Nagar/VGP Avenue Road has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 2,680 per sq.ft. The most recent revision in 2024 saw a significant increase to Rs 4,400 per sq.ft, marking a change of +64% from the 2017 figure.

There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The 2024 figure aligns with the median guideline value for Velachery, which is also Rs 4,400 per sq.ft.

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 value is Rs 4,400 per sq.ft, which is the same as the current value for Seethapathy (Dr)Nagar/VGP Avenue Road.

Stamp duty and registration fee for property in Seethapathy (Dr)Nagar/VGP Avenue 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, leading to a total cost of Rs 3,96,000. Please note that 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 details.

Which Sub Registrar Office covers Seethapathy (Dr)Nagar/VGP Avenue Road?

The Seethapathy (Dr)Nagar/VGP Avenue Road 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 a crucial factor during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps establish a baseline for the sale price, ensuring that the property is registered at a value that reflects its worth according to government standards.

Frequently asked questions

What is the current guideline value for Seethapathy (Dr)Nagar/VGP Avenue Road?

The current guideline value for Seethapathy (Dr)Nagar/VGP Avenue Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value has changed from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, marking an increase of +64%.

Where can I find the registration office for this area?

The registration office for Seethapathy (Dr)Nagar/VGP Avenue Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which is the same as the current value for Seethapathy (Dr)Nagar/VGP Avenue Road.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value.