Guideline Value

Corporate

Guideline Value for Tansi Nagar 4th Main Road

₹4950/sq.ft.

The guideline value for Tansi Nagar 4th 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 ₹4500 /sq.ft.
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 4th Main Road

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Tansi Nagar 4th Main Road guideline value

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

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still recorded at Rs 4,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 4,950 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that the register has no figure for Tansi Nagar 4th Main Road for the years 2002, 2003, 2007, and 2017.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values for 2024 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, placing Tansi Nagar 4th Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Tansi Nagar 4th 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 fees together to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tansi Nagar 4th Main Road?

The Sub Registrar Office that covers Tansi Nagar 4th 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 further assistance.

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 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 a property is sold, the guideline value helps in assessing the transaction's legitimacy and ensures that both parties are aware of the official value set by the authorities. This process is essential for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Tansi Nagar 4th Main Road?

The current guideline value of Tansi Nagar 4th 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 seen a 10% increase from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024. There has been no change from 2012 to 2023, and overall, the increase from 2012 to 2024 is also 10%.

What are the stamp duty and registration fees for properties in Tansi Nagar 4th Main Road?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 49,50,000, the total fees would amount to Rs 4,45,500.

Which Sub Registrar Office covers Tansi Nagar 4th Main Road?

The Velacheri Sub Registrar Office covers Tansi Nagar 4th Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Tansi Nagar 4th Main Road?

The land classification for Tansi Nagar 4th Main Road is Residential Class II Type - I, indicating its suitability for residential development.