Guideline Value

Corporate

Guideline Value for VELLAI GARDEN

₹1700/sq.ft.

The guideline value for Vellai Garden in Chemmancheri village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chemmancheri

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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]

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Vellai Garden guideline value

The current guideline value of Vellai Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Vellai Garden has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. In 2023, the value rose to Rs 1,500 per sq.ft, followed by an increase to Rs 1,700 per sq.ft in 2024, which is a 13% rise from the previous year. The register has no figure for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value of Vellai Garden has increased by 13%. The 2023 to 2024 change represents a 13% increase, while the 2017 to 2023 period saw a substantial increase of 49%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value is Rs 1,700 per sq.ft, which aligns with the current guideline value of Vellai Garden.

Stamp duty and registration fee for property in Vellai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost Rs 1,53,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vellai Garden?

The Sub Registrar Office that covers Vellai Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Chemmancheri. It is used to calculate the stamp duty and registration fees that buyers must pay when registering a property.

When a property is sold, the guideline value serves as a reference point to determine the minimum value for taxation purposes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vellai Garden?

The current guideline value of Vellai Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 figure at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. It then rose to Rs 1,500 per sq.ft in 2023 and increased to Rs 1,700 per sq.ft in 2024.

What is the registration office for Vellai Garden?

The registration office for Vellai Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Vellai Garden?

Stamp duty for properties in Vellai Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.

What are the guideline values of other streets in Chemmancheri?

Other streets in Chemmancheri have varying guideline values, with rates ranging from Rs 1,000 to Rs 6,600 per sq.ft. For example, Velu Garden, Velu Street, and Veervanjinathan Street all have a guideline value of Rs 1,700 per sq.ft in 2024.