Guideline Value for Tansi Nagar

Tansi Nagar guideline value

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

The guideline value for Tansi Nagar has seen several revisions over the years. In the 2012 revision, the value was Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in the 2017 revision. This marked a significant drop of 33%. However, the value rebounded to Rs 4,500 per sq.ft in 2023, before increasing to Rs 4,950 per sq.ft in the 2024 revision, reflecting a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%.

For the years 2002, 2003, and 2007, the register has no figure for Tansi Nagar. The 2023 revision saw a substantial increase of 49% from the 2017 figure, which was Rs 3,015 per sq.ft.

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's 2024 guideline value is above this median.

• Tansi Nagar 100Feet Road: Rs 13,200 per sq.ft (2024)
• Tansi Nagar 10th Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 11th Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 12th Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 13th Street: Rs 4,950 per sq.ft (2024)
• Tansi Nagar 14th Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Tansi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total 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. 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?

The Sub Registrar Office that covers Tansi Nagar 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 the registration process when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Tansi Nagar?

The current guideline value of Tansi Nagar 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 several times, with notable revisions in 2012, 2017, 2023, and 2024. The value decreased from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,500 in 2023, and finally to Rs 4,950 in 2024.

What are the other streets in Velachery with their guideline values?

Other streets in Velachery include Tansi Nagar 100Feet Road at Rs 13,200 per sq.ft, and Tansi Nagar 10th, 11th, 12th, 13th, and 14th Streets at Rs 4,950 per sq.ft each for 2024.

What are the stamp duty and registration fees in Tansi Nagar?

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

Where is the Sub Registrar Office for Tansi Nagar located?

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