Guideline Value for Tansi Nagar 21st Street

Tansi Nagar 21st Street guideline value

The current guideline value of Tansi Nagar 21st 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Tansi Nagar 21st Street has changed

The guideline value for Tansi Nagar 21st Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 1,000 per sq.ft, which increased to Rs 2,200 per sq.ft in 2007, marking a significant rise of 120%. The value then climbed to Rs 4,500 per sq.ft in 2012, reflecting an increase of 105%. However, the 2017 revision saw a decrease to Rs 3,015 per sq.ft, a drop of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 4,950 per sq.ft, an increase of 10% from the previous year.

There is no figure available for the 2002 revision for Tansi Nagar 21st Street. Overall, from 2003 to 2024, the guideline value has increased by 395%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft, and the median value is Rs 4,400 per sq.ft. The guideline value for Tansi Nagar 21st Street is above this median.

• Tansi Nagar 20th Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 2nd Main Road: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 20th Extn.: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 2nd Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 1st Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 3rd Main Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Tansi Nagar 21st 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, while the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Tansi Nagar 21st Street?

The Sub Registrar Office that covers Tansi Nagar 21st 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 details.

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

The guideline value is a critical factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees during the sale process.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are prepared for the associated fees based on this value.

Frequently asked questions

What is the current guideline value of Tansi Nagar 21st Street?

The current guideline value of Tansi Nagar 21st 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 significantly from Rs 1,000 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 395%.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, and Tansi Nagar 21st Street's current value is above this median.

What are the stamp duty and registration fees for Tansi Nagar 21st Street?

For a plot of 1,000 sq.ft at the guideline value of Rs 4,950 per sq.ft, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Where is the Sub Registrar Office for Tansi Nagar 21st Street?

The Sub Registrar Office covering Tansi Nagar 21st Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.