Guideline Value for Tansi Nagar Film Street

Tansi Nagar Film Street guideline value

The current guideline value of Tansi Nagar Film 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 Film Street has changed

The guideline value for Tansi Nagar Film Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, up from Rs 3,015 per sq.ft in 2017, marking a significant increase of 64%. Prior to that, in 2012, the value was Rs 4,500 per sq.ft, which indicates a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

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 for these streets is Rs 4,400 per sq.ft, making the guideline value of Tansi Nagar Film Street above this median.

• Tansi Nagar Extn Balamurugan Nagar: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Gopalpillai Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Extn.: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Iyappan Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Doss Avenue: Rs 4,950 per sq.ft (2024)
• Tansi Nagar Tharamani 100Feet Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Tansi Nagar Film 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, 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.

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

Which Sub Registrar Office covers Tansi Nagar Film Street?

The Sub Registrar Office that covers Tansi Nagar Film Street 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 details.

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

The guideline value plays a crucial role in property transactions in Velachery. It is used as a basis for calculating the stamp duty and registration fees that are required during the registration process. Buyers and sellers must be aware of the guideline value to ensure they are compliant with legal requirements.

When a property is sold, the guideline value will be considered alongside the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring that the transaction is processed according to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Tansi Nagar Film Street?

The current guideline value of Tansi Nagar Film 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 from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, and then to Rs 4,950 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Tansi Nagar Film Street?

Tansi Nagar Film Street is classified as Residential Class II Type - I.

Where can I find the registration office for Tansi Nagar Film Street?

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

How is stamp duty calculated for properties in Tansi Nagar Film Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 49,50,000, the stamp duty at 7% would be Rs 3,46,500.