Guideline Value for VELAN ANENUE

Velan Anenue guideline value

The current guideline value of Velan Anenue is Rs 2,986 per sq.ft. This street is located in Nalambakkam village, under the Gooduvancheri SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Velan Anenue has changed

The guideline value for Velan Anenue has seen significant changes over the years. The most recent revision in 2023 set the guideline value at Rs 2,986 per sq.ft, an increase from Rs 2,000 per sq.ft in the 2017 revision, marking a change of +49%. There are no figures available for the years 2024, 2012, 2007, 2003, and 2002 in the register for this street.

To summarize the revisions, the 2017 guideline value was Rs 2,000 per sq.ft. Prior to that, there are no figures available for the 2012, 2007, 2003, and 2002 revisions. The current value reflects a significant increase from the previous revision, illustrating the changes in property valuation over time.

Guideline values in Nalambakkam

While specific village figures are not provided, Velan Anenue is part of the broader guideline value structure in Nalambakkam. Currently, there are no other streets in Nalambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Velan Anenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,986 per sq.ft, the total guideline value amounts to Rs 29,86,000. The stamp duty at 7% would be Rs 2,09,020, and the registration fee at 2% would be Rs 59,720, bringing the total to Rs 2,68,740. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Velan Anenue?

The Velan Anenue street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for additional assistance.

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

When buying or selling property in Nalambakkam, the guideline value is a critical factor in determining the stamp duty and registration fees that need to be paid. It serves as a benchmark for property valuation, ensuring that the tax collected is appropriate based on the property's worth.

At the time of registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Velan Anenue?

The current guideline value of Velan Anenue is Rs 2,986 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 2,000 per sq.ft to Rs 2,986 per sq.ft, which is a change of +49%.

Are there any guideline values for previous years?

There are no figures available for the years 2024, 2012, 2007, 2003, and 2002 in the register for Velan Anenue.

What are the stamp duty and registration fees for property in Velan Anenue?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,68,740.

Which office handles registrations for Velan Anenue?

The Gooduvancheri Sub Registrar Office handles registrations for Velan Anenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.