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Guideline Value

Corporate

Guideline Value for Umapathy Naicker Thottam (Umapathy Thottam)

₹3850/sq.ft.

The guideline value for Umapathy Naicker Thottam (umapathy Thottam) in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /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 Umapathy Naicker Thottam (umapathy Thottam)

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Umapathy Naicker Thottam (Umapathy Thottam) guideline value

The current guideline value of Umapathy Naicker Thottam (Umapathy Thottam) is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Umapathy Naicker Thottam (Umapathy Thottam) has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. The 2024 revision shows an increase to Rs 3,850 per sq.ft, which is a change of +10% from the previous figure. The register has no figure for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only two revisions available for Umapathy Naicker Thottam (Umapathy Thottam) are from 2012 and 2024, showing a clear upward adjustment in the guideline value over time.

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. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Umapathy Naicker Thottam (Umapathy Thottam) below this median.

Stamp duty and registration fee for property in Umapathy Naicker Thottam (Umapathy Thottam)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Umapathy Naicker Thottam (Umapathy Thottam)?

The Umapathy Naicker Thottam (Umapathy Thottam) area falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is in accordance with the prevailing rates. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Umapathy Naicker Thottam (Umapathy Thottam)?

The current guideline value of Umapathy Naicker Thottam (Umapathy Thottam) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, representing a +10% increase. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Umapathy Naicker Thottam (Umapathy Thottam)?

Umapathy Naicker Thottam (Umapathy Thottam) is classified as Residential Class II Type - III, indicating its intended use for residential purposes.

What is the median guideline value in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, with Umapathy Naicker Thottam (Umapathy Thottam) being below this median at Rs 3,850 per sq.ft.

Where can I find the registration office for Umapathy Naicker Thottam (Umapathy Thottam)?

The registration office covering Umapathy Naicker Thottam (Umapathy Thottam) is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.