Guideline Value

Corporate

Guideline Value for Seethapathy Nagar 4th Cross Street

₹4400/sq.ft.

The guideline value for Seethapathy Nagar 4th Cross 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 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
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 Nagar 4th Cross Street

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Seethapathy Nagar 4th Cross Street guideline value

The current guideline value of Seethapathy Nagar 4th Cross Street 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 Nagar 4th Cross Street has changed

The guideline value for Seethapathy Nagar 4th Cross Street has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 2,000 per sq.ft. This increased to Rs 2,680 per sq.ft in the 2017 revision, marking a change of +34%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a significant increase of +64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has risen by +120%.

There are no figures available for the years 2023, 2012, 2003, and 2002 in the register for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value. The values range from Rs 3,300 to Rs 13,200 per sq.ft, with the median being Rs 4,400 per sq.ft. The guideline value for Seethapathy Nagar 4th Cross Street matches this median value.

Stamp duty and registration fee for property in Seethapathy Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty, calculated at 7%, would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Seethapathy Nagar 4th Cross Street?

The Seethapathy Nagar 4th Cross Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Velachery

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Seethapathy Nagar 4th Cross Street?

The current guideline value of Seethapathy Nagar 4th Cross 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 has increased from Rs 2,000 per sq.ft in 2007 to Rs 2,680 per sq.ft in 2017, and then to Rs 4,400 per sq.ft in 2024. This reflects a total increase of +120% from 2007 to 2024.

What are the guideline values for other streets in Velachery?

Other streets in Velachery have a range of guideline values. For instance, Seethapathy Nagar 2nd Cross Street and Seethapathy Nagar Amudha Street both have a guideline value of Rs 4,400 per sq.ft in 2024.

What is the registration fee for properties in Seethapathy Nagar 4th Cross Street?

The registration fee for properties is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of properties in the area.