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Guideline Value

Corporate

Guideline Value for Thulasi Garden 3rd Cross Street (Baby Nagar)

₹4400/sq.ft.

The guideline value for Thulasi Garden 3rd Cross Street (baby Nagar) in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
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 Thulasi Garden 3rd Cross Street (baby Nagar)

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Thulasi Garden 3rd Cross Street (Baby Nagar) guideline value

The current guideline value for Thulasi Garden 3rd Cross Street (Baby Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Thulasi Garden 3rd Cross Street (Baby Nagar) has changed

The guideline value for Thulasi Garden 3rd Cross Street (Baby Nagar) has seen significant changes over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft. This figure increased to Rs 4,000 per sq.ft in the 2023 revision, marking a 122% increase. The most recent revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 144%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2017 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 for these streets is Rs 4,400 per sq.ft, which is equal to the current value for Thulasi Garden 3rd Cross Street (Baby Nagar).

Stamp duty and registration fee for property in Thulasi Garden 3rd Cross Street (Baby Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasi Garden 3rd Cross Street (Baby Nagar)?

The Sub Registrar Office that covers Thulasi Garden 3rd Cross Street (Baby 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 information.

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

The guideline value is a crucial factor when buying or selling property in Velachery. It serves as a reference point for determining the stamp duty and registration fees during the property transaction process.

When registering a property, the guideline value is used to assess the applicable fees, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thulasi Garden 3rd Cross Street (Baby Nagar)?

The current guideline value of Thulasi Garden 3rd Cross Street (Baby Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 1,800 per sq.ft to Rs 4,400 per sq.ft in 2024, which is a total increase of 144% over the years.

What are the stamp duty and registration fees for a property in Thulasi Garden 3rd Cross Street (Baby Nagar)?

For a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Thulasi Garden 3rd Cross Street (Baby Nagar)?

The Velacheri Sub Registrar Office covers Thulasi Garden 3rd Cross Street (Baby Nagar), located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification of Thulasi Garden 3rd Cross Street (Baby Nagar)?

Thulasi Garden 3rd Cross Street (Baby Nagar) falls under the Residential Class II Type - II land classification.