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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar / Seenivas Nagar

₹4950/sq.ft.

The guideline value for Srinivasa Nagar / Seenivas Nagar in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /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 Srinivasa Nagar / Seenivas Nagar

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Srinivasa Nagar / Seenivas Nagar guideline value

The current guideline value of Srinivasa Nagar / Seenivas Nagar is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Velachery village and falls under the Velacheri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Srinivasa Nagar / Seenivas Nagar has changed

The guideline value for Srinivasa Nagar / Seenivas Nagar has undergone several revisions over the years. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 4,500 per sq.ft, which increased by 10% to Rs 4,950 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the last recorded guideline value for this street was not available. The increase from Rs 4,500 to Rs 4,950 reflects the latest adjustments made in the guideline value register.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value 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 Srinivasa Nagar / Seenivas Nagar above this median.

Stamp duty and registration fee for property in Srinivasa Nagar / Seenivas Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, leading to a total cost of Rs 4,45,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Srinivasa Nagar / Seenivas Nagar?

The Sub Registrar Office that covers Srinivasa Nagar / Seenivas 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 details.

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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the local authorities.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value is regularly updated to reflect changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar / Seenivas Nagar?

The current guideline value of Srinivasa Nagar / Seenivas Nagar is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, reflecting a 10% increase.

What is the median guideline value in Velachery?

The median guideline value for the 2,691 streets in Velachery under the Velacheri SRO is Rs 4,400 per sq.ft, which is lower than the current value for Srinivasa Nagar / Seenivas Nagar.

What fees are associated with property registration in Srinivasa Nagar / Seenivas Nagar?

The fees for property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations for Srinivasa Nagar / Seenivas Nagar?

The Velacheri Sub Registrar Office handles property registrations for Srinivasa Nagar / Seenivas Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.