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Guideline Value

Corporate

Guideline Value for Udhayam Nagar Annex Amirtham Avenue

₹3850/sq.ft.

The guideline value for Udhayam Nagar Annex Amirtham Avenue in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹260 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹228 /sq.ft.
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 Udhayam Nagar Annex Amirtham Avenue

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Udhayam Nagar Annex Amirtham Avenue guideline value

The current guideline value of Udhayam Nagar Annex Amirtham Avenue is Rs 3,850 per sq.ft. This property is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Udhayam Nagar Annex Amirtham Avenue has changed

The guideline value for Udhayam Nagar Annex Amirtham Avenue has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 228 per sq.ft. This increased to Rs 260 per sq.ft in 2003, marking a change of +14%. The value then saw a significant rise to Rs 1,800 per sq.ft in 2007, which is an increase of +592%. In 2012, the value was revised to Rs 3,500 per sq.ft, reflecting a decrease of -33% from the previous figure. The 2017 revision set the value at Rs 2,345 per sq.ft, which was a +49% increase from 2012. The 2023 revision brought the value to Rs 3,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 3,850 per sq.ft, showing a +10% increase.

It is important to note that the register has no figures for the years not listed in this summary. Therefore, the revisions have been recorded for the years 2002, 2003, 2007, 2012, 2017, 2023, and 2024 only.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with 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. The guideline value of Udhayam Nagar Annex Amirtham Avenue is below this median.

Stamp duty and registration fee for property in Udhayam Nagar Annex Amirtham Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total charges to Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udhayam Nagar Annex Amirtham Avenue?

The Udhayam Nagar Annex Amirtham Avenue is covered by 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 registering a property in Velachery. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value helps to establish the official value for tax purposes. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Udhayam Nagar Annex Amirtham Avenue?

The current guideline value of Udhayam Nagar Annex Amirtham Avenue is Rs 3,850 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 228 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, showing an overall increase of +1589% over the years.

What is the land classification for Udhayam Nagar Annex Amirtham Avenue?

The land classification for Udhayam Nagar Annex Amirtham Avenue is Residential Class II Type - III.

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.

How is the stamp duty calculated for properties in Udhayam Nagar Annex Amirtham Avenue?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.