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Guideline Value

Corporate

Guideline Value for Taramani(Velacheri) Link Road/Varadharajapuram

₹13200/sq.ft.

The guideline value for Taramani(velacheri) Link Road/varadharajapuram in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /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 Taramani(velacheri) Link Road/varadharajapuram

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Taramani(Velacheri) Link Road/Varadharajapuram guideline value

The current guideline value for Taramani(Velacheri) Link Road/Varadharajapuram is Rs 13,200 per sq.ft, effective from 1 July 2024. This area falls under Velachery village and is classified as Commercial Class I Type - I, registered with the Velacheri SRO.

How the guideline value of Taramani(Velacheri) Link Road/Varadharajapuram has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 12,000 per sq.ft, which decreased to Rs 8,040 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 12,000 per sq.ft in 2023, and then rose again to Rs 13,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Taramani(Velacheri) Link Road/Varadharajapuram well above this median.

Stamp duty and registration fee for property in Taramani(Velacheri) Link Road/Varadharajapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Taramani(Velacheri) Link Road/Varadharajapuram?

The Taramani(Velacheri) Link Road/Varadharajapuram falls under 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 the registration process of property transactions in Velachery. It is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty and registration fees. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value for Taramani(Velacheri) Link Road/Varadharajapuram?

The current guideline value for Taramani(Velacheri) Link Road/Varadharajapuram is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 12,000 to Rs 8,040 in 2017, then increased to Rs 12,000 in 2023, and finally to Rs 13,200 in 2024.

What is the stamp duty rate in Taramani(Velacheri) Link Road/Varadharajapuram?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Velacheri Sub Registrar Office?

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

What are the other streets in Velachery with guideline values?

Other streets in Velachery include Taramani Street, Taramani Road North Side Ambica Street, Taramani Road (100ft Road), Taramani Road, Taramani Link Road, and Tansi Nagar Vivekanandar Street, each with their respective guideline values.