Guideline Value

Corporate

Guideline Value for Tansi Nagar 20th Street

₹4950/sq.ft.

The guideline value for Tansi Nagar 20th 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 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹2200 /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 Tansi Nagar 20th Street

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Tansi Nagar 20th Street guideline value

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

How the guideline value of Tansi Nagar 20th Street has changed

The guideline value for Tansi Nagar 20th Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 2,200 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in 2023, marking a 105% rise. The current revision in 2024 has further increased the guideline value to Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for Tansi Nagar 20th Street in the years 2002, 2003, 2012, and 2017. Overall, from the 2007 revision to the 2024 revision, 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 in this area is Rs 4,400 per sq.ft, positioning Tansi Nagar 20th Street above this median.

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

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 cost for these fees to 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 detailed calculations.

Which Sub Registrar Office covers Tansi Nagar 20th Street?

The Sub Registrar Office that covers Tansi Nagar 20th 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 more information.

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

The guideline value is an essential factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is registered at a value that reflects the prevailing rates in the area, thus facilitating a transparent process for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Tansi Nagar 20th Street?

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

How much has the guideline value changed over the years?

From the 2007 revision to the 2024 revision, the guideline value has increased from Rs 2,200 per sq.ft to Rs 4,950 per sq.ft, which is a total increase of 125%.

What are the stamp duty and registration fees for property in Tansi Nagar 20th Street?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles the registration for Tansi Nagar 20th Street?

The Velacheri Sub Registrar Office handles the registration for Tansi Nagar 20th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value for streets in Velachery?

The median guideline value for the 2,691 streets in Velachery is Rs 4,400 per sq.ft, with Tansi Nagar 20th Street's current value being above this median.