Guideline Value for Tansi Nagar 20th Extn.

Tansi Nagar 20th Extn. guideline value

The current guideline value for Tansi Nagar 20th Extn. is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Tansi Nagar 20th Extn. has changed

The guideline value for Tansi Nagar 20th Extn. has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 2,200 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in 2023, marking a 105% rise. The most recent revision in 2024 saw the value increase to Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 125%.

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. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Tansi Nagar 20th Extn. above this median.

• Tansi Nagar 1st Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 20th Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 1st Main Road: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 21st Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 19th Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 2nd Main Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Tansi Nagar 20th Extn.

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, bringing the total fees together to Rs 4,45,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tansi Nagar 20th Extn.?

The Sub Registrar Office that covers Tansi Nagar 20th Extn. 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 in property transactions in Velachery. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid during the registration process. This ensures that the transaction is recorded accurately and legally.

It is important for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value for Tansi Nagar 20th Extn.?

The current guideline value for Tansi Nagar 20th Extn. is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value has changed from Rs 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, representing a total increase of 125% over the years.

What is the stamp duty for property in Tansi Nagar 20th Extn.?

The stamp duty for property in Tansi Nagar 20th Extn. is 7% of the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

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

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator.