Guideline Value

Corporate

Guideline Value for TNHB 3rd Main Road

₹6600/sq.ft.

The guideline value for Tnhb 3rd Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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 Tnhb 3rd Main Road

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TNHB 3rd Main Road guideline value

The current guideline value of TNHB 3rd Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Velachery village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of TNHB 3rd Main Road has changed

The guideline value for TNHB 3rd Main Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,800 per sq.ft, which then increased significantly to Rs 6,000 per sq.ft in 2012, reflecting a rise of 233%. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, marking a decline of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, which was a substantial increase of 49% from the previous revision.

As of the 2024 revision, the guideline value is now Rs 6,600 per sq.ft, representing a 10% increase from the 2023 figure. It is important to note that there are no figures available for the years 2002 and 2003 for TNHB 3rd Main Road in the register.

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, with a median value of Rs 4,400 per sq.ft. The guideline value for TNHB 3rd Main Road is above this median, indicating its higher valuation.

Stamp duty and registration fee for property in TNHB 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB 3rd Main Road?

The TNHB 3rd Main Road falls under the jurisdiction of 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 critical factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the current market valuations as determined by the government.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction reflects the appropriate value as recognized by the local authorities.

Frequently asked questions

What is the current guideline value of TNHB 3rd Main Road?

The current guideline value of TNHB 3rd Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,800 per sq.ft to Rs 6,600 per sq.ft in 2024, marking an overall increase of 267% over the years.

What is the land classification for TNHB 3rd Main Road?

TNHB 3rd Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for TNHB 3rd Main Road?

The Velacheri Sub Registrar Office covers TNHB 3rd Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties on TNHB 3rd Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 4,62,000.