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Guideline Value

Corporate

Guideline Value for Tansi Nagar Gopalpillai Street

₹4950/sq.ft.

The guideline value for Tansi Nagar Gopalpillai Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
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 Gopalpillai Street

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Tansi Nagar Gopalpillai Street guideline value

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

The guideline value for Tansi Nagar Gopalpillai Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 4,500 per sq.ft. This was followed by a decrease to Rs 3,015 per sq.ft in the 2017 revision. However, the latest revision in 2024 has increased the value to Rs 4,950 per sq.ft. The register does not have figures for the years 2002, 2003, 2007, or 2023 for this street.

From 2012 to 2017, the guideline value decreased by 33%. In contrast, the increase from 2017 to 2024 is 64%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, with a median value of Rs 4,400 per sq.ft. Tansi Nagar Gopalpillai Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Tansi Nagar Gopalpillai 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 be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total charges 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tansi Nagar Gopalpillai Street?

The Sub Registrar Office that covers Tansi Nagar Gopalpillai 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 information.

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 to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the fees are based on a standardized value set by the government.

When selling property, the guideline value also serves as a reference point for both buyers and sellers. It helps in ensuring that the transaction is registered at a value that reflects the current market conditions, as set by the authorities.

Frequently asked questions

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

The current guideline value of Tansi Nagar Gopalpillai 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. The register does not have figures for the years 2002, 2003, 2007, or 2023 for this street.

What is the land classification for Tansi Nagar Gopalpillai Street?

The land classification for Tansi Nagar Gopalpillai Street is Residential Class II Type - I.

What are the stamp duty and registration fees for property in Tansi Nagar Gopalpillai Street?

For a 1,000 sq.ft plot, the total guideline value would be 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, making the total charges Rs 4,45,500.

Which Sub Registrar Office covers Tansi Nagar Gopalpillai Street?

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