Guideline Value

Corporate

Guideline Value for Tansi Nagar 2nd Main Road

₹4950/sq.ft.

The guideline value for Tansi Nagar 2nd Main Road 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 N/A
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 2nd Main Road

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Tansi Nagar 2nd Main Road guideline value

The current guideline value of Tansi Nagar 2nd Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road 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 2nd Main Road has changed

The guideline value for Tansi Nagar 2nd Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, an increase from Rs 4,500 per sq.ft in the 2023 revision, which represents a 10% rise. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for Tansi Nagar 2nd Main Road was not recorded in the register for the years mentioned. The 2024 revision's figure is above the median value of Rs 4,400 per sq.ft for the 2,691 streets in Velachery that carry a 2024 figure, which ranges from Rs 3,300 to Rs 13,200 per sq.ft.

Guideline values in Velachery

In Velachery, the guideline values vary significantly across different streets. The 2024 figure for Tansi Nagar 2nd Main Road is Rs 4,950 per sq.ft, which is higher than the median value for the area.

Stamp duty and registration fee for property in Tansi Nagar 2nd Main Road

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, 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tansi Nagar 2nd Main Road?

The Sub Registrar Office that covers Tansi Nagar 2nd Main Road 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 a crucial factor in the registration process when buying or selling property in Velachery. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

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 process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Tansi Nagar 2nd Main Road?

The current guideline value of Tansi Nagar 2nd Main Road 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 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, marking a 10% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Velachery?

The median guideline value for the 2,691 streets in Velachery for 2024 is Rs 4,400 per sq.ft. Tansi Nagar 2nd Main Road's value is above this median.

What are the stamp duty and registration fees for properties in Tansi Nagar 2nd Main Road?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would be Rs 4,45,500.

Where is the Sub Registrar Office for Tansi Nagar 2nd Main Road located?

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