Guideline Value for Tansi Nagar 3rd Main Road

Tansi Nagar 3rd Main Road guideline value

The current guideline value of Tansi Nagar 3rd Main Road 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 3rd Main Road has changed

The guideline value for Tansi Nagar 3rd Main Road has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 4,500 per sq.ft, which increased to Rs 4,950 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, the register has no figures for this street. The most recent revision reflects an increase, placing the current guideline value above the median for the village, which is Rs 4,400 per sq.ft.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. Tansi Nagar 3rd Main Road's guideline value of Rs 4,950 per sq.ft is above the median value of Rs 4,400 per sq.ft.

• Tansi Nagar 2nd Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 3rd Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 2nd Main Road: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 4th Main Road: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 21st Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 4th Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Tansi Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the 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 to Rs 4,45,500. It is important to note that 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 details.

Which Sub Registrar Office covers Tansi Nagar 3rd Main Road?

The Sub Registrar Office covering Tansi Nagar 3rd 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 of 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 the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the costs associated with the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Tansi Nagar 3rd Main Road?

The current guideline value of Tansi Nagar 3rd 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, a change of +10%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft. Tansi Nagar 3rd Main Road's guideline value is above this median.

What are the stamp duty and registration fees for property in Tansi Nagar 3rd Main Road?

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.

Where can I find the Sub Registrar Office for Tansi Nagar 3rd Main Road?

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