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Guideline Value

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Guideline Value for V.O.R. Station Road/Bhuvaneshwari Nagar

₹3850/sq.ft.

The guideline value for V.o.r. Station Road/bhuvaneshwari Nagar 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 N/A
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 V.o.r. Station Road/bhuvaneshwari Nagar

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V.O.R. Station Road/Bhuvaneshwari Nagar guideline value

The current guideline value of V.O.R. Station Road/Bhuvaneshwari Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of V.O.R. Station Road/Bhuvaneshwari Nagar has changed

The guideline value for V.O.R. Station Road/Bhuvaneshwari Nagar has been recorded only in the 2024 revision at Rs 3,850 per sq.ft. The register has no figures for this street in the revisions for the years 2023, 2017, 2012, 2007, 2003, and 2002.

Since there are no figures available for the previous revisions, it is noted that there have been no changes in the guideline value for this street between the years listed. The current figure is the only one available in the register.

Guideline values in Velachery

In Velachery, there are a total of 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. The median guideline value for these streets is Rs 4,400 per sq.ft, placing V.O.R. Station Road/Bhuvaneshwari Nagar below this median.

Stamp duty and registration fee for property in V.O.R. Station Road/Bhuvaneshwari Nagar

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

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.O.R. Station Road/Bhuvaneshwari Nagar?

The V.O.R. Station Road/Bhuvaneshwari Nagar area 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 further assistance.

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 serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the sale.

When a property is bought or sold, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of V.O.R. Station Road/Bhuvaneshwari Nagar?

The current guideline value of V.O.R. Station Road/Bhuvaneshwari Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024.

What is the land classification for V.O.R. Station Road/Bhuvaneshwari Nagar?

The land classification for V.O.R. Station Road/Bhuvaneshwari Nagar is Residential Class II Type - III.

Have there been any changes in the guideline value for this street?

There have been no changes in the guideline value for V.O.R. Station Road/Bhuvaneshwari Nagar, as the register has no figures for the previous revisions.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles the registration for V.O.R. Station Road/Bhuvaneshwari Nagar?

The Velacheri Sub Registrar Office handles the registration for V.O.R. Station Road/Bhuvaneshwari Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.