Guideline Value for Tansi Nagar Extn.

Tansi Nagar Extn. guideline value

The current guideline value of Tansi Nagar Extn. is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of Tansi Nagar Extn. has changed

The guideline value for Tansi Nagar Extn. has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 2,200 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 105%. However, in the 2017 revision, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, reflecting an increase of 64% from 2017.

There are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 125%.

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 value is Rs 4,400 per sq.ft, placing Tansi Nagar Extn.'s 2024 figure above this median.

• Tansi Nagar Doss Avenue: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Extn Balamurugan Nagar: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Church Gate Avenue: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Film Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 9th Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Gopalpillai Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Tansi Nagar Extn.

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, totaling Rs 4,45,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Tansi Nagar Extn.?

The Sub Registrar Office that covers Tansi Nagar Extn. 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 during property transactions in Velachery, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure they comply with local regulations during the registration process.

When purchasing property, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tansi Nagar Extn.?

The current guideline value of Tansi Nagar Extn. 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 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 125% over this period.

What is the registration office for Tansi Nagar Extn.?

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

How is stamp duty calculated in Tansi Nagar Extn.?

Stamp duty in Tansi Nagar Extn. is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is an additional 2% of the guideline value.

Are there other streets with the same guideline value in Velachery?

Yes, there are several other streets in Velachery that share the same guideline value of Rs 4,950 per sq.ft for the year 2024, including Tansi Nagar Doss Avenue and Tansi Nagar Church Gate Avenue.