Guideline Value

Corporate

Guideline Value for Seethapathy Nagar Prasad Lane

₹4400/sq.ft.

The guideline value for Seethapathy Nagar Prasad Lane 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 ₹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 Seethapathy Nagar Prasad Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Seethapathy Nagar Prasad Lane guideline value

The current guideline value of Seethapathy Nagar Prasad Lane 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 Seethapathy Nagar Prasad Lane has changed

The guideline value for Seethapathy Nagar Prasad Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. However, the latest 2024 revision shows a significant increase, bringing the value back up to Rs 4,400 per sq.ft, marking a 64% increase from 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street. The changes between the revisions highlight a fluctuation in the guideline value, particularly from 2012 to 2017, which saw a decrease of 33%.

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 equal to the current guideline value of Seethapathy Nagar Prasad Lane.

Stamp duty and registration fee for property in Seethapathy Nagar Prasad Lane

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, and the registration fee at 2% would be Rs 88,000, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seethapathy Nagar Prasad Lane?

The Sub Registrar Office that covers Seethapathy Nagar Prasad Lane 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to price their property competitively based on the current guideline rates.

Frequently asked questions

What is the current guideline value of Seethapathy Nagar Prasad Lane?

The current guideline value of Seethapathy Nagar Prasad Lane 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 changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,400 per sq.ft in 2024. This reflects a 64% increase from 2017 to 2024.

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 Seethapathy Nagar Prabu Lane, Seethapathy Nagar Raja Lane, Seethapathy Nagar Latha Street, Seethapathy Nagar Rajambal Street (Seethapathy Nagar), Seethapathy Nagar Kokilam Street, and Seethapathy Nagar Raja Street.

What is the registration fee for property in Seethapathy Nagar Prasad Lane?

The registration fee for property in Seethapathy Nagar Prasad Lane 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.

Which office handles property registration for Seethapathy Nagar Prasad Lane?

The Velacheri Sub Registrar Office handles property registration for Seethapathy Nagar Prasad Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.