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Guideline Value

Corporate

Guideline Value for Tansi Nagar 2nd Street

₹4950/sq.ft.

The guideline value for Tansi Nagar 2nd 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 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹482 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹430 /sq.ft.
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 Street

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Tansi Nagar 2nd Street guideline value

The current guideline value of Tansi Nagar 2nd Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Tansi Nagar 2nd Street has changed

The guideline value for Tansi Nagar 2nd Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 430 per sq.ft. This increased to Rs 482 per sq.ft in 2003, marking a change of +12%. The value saw a significant rise to Rs 2,200 per sq.ft in 2007, which is a change of +356%. In 2012, the guideline value remained at Rs 4,500 per sq.ft, showing no change from the previous revision. The next revision in 2023 also held the value at Rs 4,500 per sq.ft. However, in the latest revision for 2024, the guideline value increased to Rs 4,950 per sq.ft, reflecting a change of +10% from the previous year.

It is worth noting that there is no figure recorded for Tansi Nagar 2nd Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by +1051%.

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, making the 2024 figure for Tansi Nagar 2nd Street above this median.

Stamp duty and registration fee for property in Tansi Nagar 2nd 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, resulting in a total of 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Tansi Nagar 2nd Street?

The Sub Registrar Office that covers Tansi Nagar 2nd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

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

The current guideline value of Tansi Nagar 2nd 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 430 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +1051% over this period.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, and Tansi Nagar 2nd Street's 2024 figure is above this median.

What are the stamp duty and registration fees for property in Tansi Nagar 2nd 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 property registrations for Tansi Nagar 2nd Street?

The Velacheri Sub Registrar Office handles property registrations for Tansi Nagar 2nd Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.