Guideline Value

Corporate

Guideline Value for VELACHERY MAIN ROAD 3RD CROSS STREET

₹4950/sq.ft.

The guideline value for Velachery Main Road 3rd Cross Street in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Velachery Main Road 3rd Cross Street

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Velachery Main Road 3rd Cross Street guideline value

The current guideline value of Velachery Main Road 3rd Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Medavakkam village under the Chennai South Joint I SRO, and it is classified as Commercial Special Type - I.

How the guideline value of Velachery Main Road 3rd Cross Street has changed

Looking at the historical revisions, the guideline value for this street was Rs 4,500 per sq.ft in 2023, which increased to Rs 4,950 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 3,015 per sq.ft, indicating a significant increase of +49% to reach the 2023 figure. The register has no figure for the years 2002, 2003, and 2007.

In 2012, the guideline value was recorded at Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in 2017, reflecting a drop of -33%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of +10%.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Velachery Main Road 3rd Cross Street is above this median.

Stamp duty and registration fee for property in Velachery Main Road 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total charges together to Rs 4,45,500. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Velachery Main Road 3rd Cross Street?

The Velachery Main Road 3rd Cross Street falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Medavakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with the transaction, including stamp duty and registration fees.

When purchasing property, the buyer must ensure that the sale price is not below the guideline value, as this can lead to complications during registration. It is essential to consult the latest guideline values to understand the financial implications of a property transaction in the area.

Frequently asked questions

What is the current guideline value of Velachery Main Road 3rd Cross Street?

The current guideline value of Velachery Main Road 3rd Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +10%.

What is the land classification for Velachery Main Road 3rd Cross Street?

Velachery Main Road 3rd Cross Street is classified as Commercial Special Type - I.

Where can I find the registration office for this street?

The registration office for Velachery Main Road 3rd Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.