Guideline Value

Corporate

Guideline Value for TNHB 9th Street

₹4950/sq.ft.

The guideline value for Tnhb 9th Street 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 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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 9th Street

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TNHB 9th Street guideline value

The current guideline value of TNHB 9th Street is Rs 4,950 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 - I.

How the guideline value of TNHB 9th Street has changed

Over the years, the guideline value of TNHB 9th Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,800 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 4,950 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded guideline values for TNHB 9th Street in the years 2002 and 2003. The overall change from the 2007 figure to the current 2024 value shows an increase of 175%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a guideline value for 2024, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing TNHB 9th Street's value above this median.

Stamp duty and registration fee for property in TNHB 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000. Together, these fees would total 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 the stamp duty and registration fee calculator for more information on fees applicable to property transactions.

Which Sub Registrar Office covers TNHB 9th Street?

The Sub Registrar Office that covers TNHB 9th 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 additional assistance.

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. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the duty is calculated based on the higher of the guideline value or the actual sale price of the property.

When purchasing or selling property, ensuring that you are aware of the current guideline value is essential, as it directly impacts the overall cost of the transaction. Buyers should also consider the implications of the guideline value on future property dealings.

Frequently asked questions

What is the current guideline value of TNHB 9th Street?

The current guideline value of TNHB 9th Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

What are the stamp duty and registration fees for TNHB 9th Street?

For a 1,000 sq.ft plot, the total guideline value is 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, totaling Rs 4,45,500.

Which office handles registrations for TNHB 9th Street?

The Velacheri Sub Registrar Office handles registrations for TNHB 9th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification of TNHB 9th Street?

TNHB 9th Street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.