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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar Kandasamy Street

₹4400/sq.ft.

The guideline value for Sri Ram Nagar Kandasamy Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. 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 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Sri Ram Nagar Kandasamy Street

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Sri Ram Nagar Kandasamy Street guideline value

The current guideline value of Sri Ram Nagar Kandasamy 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 street is Residential Class II Type - II.

How the guideline value of Sri Ram Nagar Kandasamy Street has changed

Over the years, the guideline value for Sri Ram Nagar Kandasamy Street has seen several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 4,000 per sq.ft, and it increased by 10% to Rs 4,400 per sq.ft in the 2024 revision.

The 2024 revision marks the current guideline value, while the previous revision in 2023 was Rs 4,000 per sq.ft. The increase from 2023 to 2024 reflects a notable change in the guideline value for this street.

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 matches the current value of Sri Ram Nagar Kandasamy Street.

Stamp duty and registration fee for property in Sri Ram Nagar Kandasamy 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Ram Nagar Kandasamy Street?

The Sub Registrar Office that covers Sri Ram Nagar Kandasamy Street 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 details.

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

The guideline value is an essential reference for property transactions in Velachery, as it helps determine the stamp duty and registration fees applicable during the sale or purchase of property. It is crucial to note that the guideline value is used at the time of registration and can influence the overall costs involved in the transaction.

When buying or selling property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar Kandasamy Street?

The current guideline value of Sri Ram Nagar Kandasamy 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 changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for this street?

Sri Ram Nagar Kandasamy Street is classified as Residential Class II Type - II. This classification is important for understanding the potential use of the land.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would be Rs 3,96,000.

Where is the Sub Registrar Office located for this street?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles registrations for properties in Sri Ram Nagar Kandasamy Street.