Guideline Value

Corporate

Guideline Value for VELAMMAL AVENUE

₹400/sq.ft.

The guideline value for Velammal Avenue in Thachoor village (Ponneri SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. It was Rs 150 per sq.ft from 1 April 2023, a 167% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thachoor

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹150 /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 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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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Velammal Avenue guideline value

The current guideline value of Velammal Avenue is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thachoor village, under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Velammal Avenue has changed

The guideline value for Velammal Avenue has experienced significant changes over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 150 per sq.ft. This figure saw a substantial increase of 167% in the 2024 revision, bringing the current guideline value to Rs 400 per sq.ft.

This increase reflects the changes in the real estate landscape within the area. The 2024 revision aligns Velammal Avenue's guideline value with the median of Rs 400 per sq.ft for the 17 streets in Thachoor under the Ponneri SRO, which range from Rs 300 to Rs 1,800 per sq.ft.

Guideline values in Thachoor

In Thachoor, the guideline values for various streets vary significantly. The median value for the area is Rs 400 per sq.ft, which is also the current guideline value for Velammal Avenue. Below are the guideline values for other streets in Thachoor:

Stamp duty and registration fee for property in Velammal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Velammal Avenue?

The Sub Registrar Office that covers Velammal Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thachoor, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Velammal Avenue?

The current guideline value of Velammal Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased by 167% from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024.

What are the other streets in Thachoor with their guideline values?

Other streets in Thachoor include Velammal Classic City and Velammal Classic City Annex, both at Rs 800 per sq.ft, and several others like Velammal Recidency, Sri Devi Gayathri Nagar, Sri Bhavani Amman Nagar, and Sri Balaji Nagar, all at Rs 400 per sq.ft.

What is the registration fee for property in Velammal Avenue?

The registration fee for property in Velammal Avenue is calculated at 2% of the guideline value. For example, for a property valued at Rs 4,00,000, the registration fee would be Rs 8,000.

Where is the Sub Registrar Office for Velammal Avenue located?

The Sub Registrar Office covering Velammal Avenue is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.