Guideline Value

Corporate

Guideline Value for Tansi Nagar 6th Street

₹4950/sq.ft.

The guideline value for Tansi Nagar 6th 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 ₹455 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹406 /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 6th Street

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Tansi Nagar 6th Street guideline value

The current guideline value of Tansi Nagar 6th 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 is classified as Residential Class II Type - I.

How the guideline value of Tansi Nagar 6th Street has changed

The guideline value for Tansi Nagar 6th Street has seen significant changes over the years. The earliest recorded revision is from 2002, where the value was Rs 406 per sq.ft. This figure increased to Rs 455 per sq.ft in 2003, marking a rise of 12%. The value then surged to Rs 2,200 per sq.ft in 2007, a remarkable increase of 384%. In 2012, the value remained at Rs 4,500 per sq.ft, and there is no figure available for the year 2017. The 2023 revision saw the value at Rs 4,500 per sq.ft, and it increased by 10% to reach Rs 4,950 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1119%. The changes in the guideline value reflect the historical revisions: from 2002 to 2003 (+12%), 2003 to 2007 (+384%), 2007 to 2012 (+105%), and 2012 to 2023 (+0%).

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. The median value for these streets is Rs 4,400 per sq.ft, placing Tansi Nagar 6th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Tansi Nagar 6th 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, and the registration fee at 2% would be Rs 99,000. Together, the total cost for stamp duty and registration would be 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.

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

Which Sub Registrar Office covers Tansi Nagar 6th Street?

The Sub Registrar Office that covers Tansi Nagar 6th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more details, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers must be aware that the guideline value may differ from the actual sale price, and the higher value will be used for calculating the applicable duties.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. This value is essential for both buyers and sellers to understand their financial obligations during the property transaction.

Frequently asked questions

What is the current guideline value of Tansi Nagar 6th Street?

The current guideline value of Tansi Nagar 6th 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, starting from Rs 406 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 1119% over this period.

What are the stamp duty and registration fees for properties in Tansi Nagar 6th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,45,500.

Which Sub Registrar Office covers Tansi Nagar 6th Street?

The Velacheri Sub Registrar Office covers Tansi Nagar 6th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the property is recorded at a fair value, contributing to transparency in the real estate market.