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Guideline Value

Corporate

Guideline Value for Sri Sakthi Vijayalakshmi Nagar (100 Ft.Bye Pass Road)

₹13200/sq.ft.

The guideline value for Sri Sakthi Vijayalakshmi Nagar (100 Ft.bye Pass Road) in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
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 Sri Sakthi Vijayalakshmi Nagar (100 Ft.bye Pass Road)

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Sri Sakthi Vijayalakshmi Nagar (100 Ft.Bye Pass Road) guideline value

The current guideline value for Sri Sakthi Vijayalakshmi Nagar (100 Ft.Bye Pass Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sri Sakthi Vijayalakshmi Nagar (100 Ft.Bye Pass Road) has changed

The guideline value for Sri Sakthi Vijayalakshmi Nagar has seen significant changes over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased dramatically to Rs 12,000 per sq.ft in both 2012 and 2023. The most recent revision in 2024 has raised the guideline value to Rs 13,200 per sq.ft, marking a 10% increase from the previous year.

It is noteworthy that there are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%, reflecting substantial growth in the area.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values 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, placing Sri Sakthi Vijayalakshmi Nagar above this median.

Stamp duty and registration fee for property in Sri Sakthi Vijayalakshmi Nagar (100 Ft.Bye Pass Road)

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sakthi Vijayalakshmi Nagar (100 Ft.Bye Pass Road)?

The Sub Registrar Office that covers Sri Sakthi Vijayalakshmi Nagar 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 plays a crucial role during the registration of property transactions in Velachery. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Sri Sakthi Vijayalakshmi Nagar?

The current guideline value for Sri Sakthi Vijayalakshmi Nagar (100 Ft.Bye Pass Road) is Rs 13,200 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 13,200 per sq.ft in 2024, reflecting an overall increase of 560% over this period.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sri Sakthi Vijayalakshmi Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

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

What are the guideline values for other streets in Velachery?

Other streets in Velachery have varying guideline values, with rates ranging from Rs 3,300 to Rs 13,200 per sq.ft. For example, Sri Sakthi Vijayalakshmi Nagar 1st Street and 2nd Street both have a guideline value of Rs 4,400 per sq.ft in 2024.