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Guideline Value

Corporate

Guideline Value for VGP Avenue Road/Seethapathy (Dr)Nagar

₹4400/sq.ft.

The guideline value for Vgp Avenue Road/seethapathy (dr)nagar in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /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)

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 Vgp Avenue Road/seethapathy (dr)nagar

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VGP Avenue Road/Seethapathy (Dr)Nagar guideline value

The current guideline value of VGP Avenue Road/Seethapathy (Dr)Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Velachery village and falls under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of VGP Avenue Road/Seethapathy (Dr)Nagar has changed

The guideline value for VGP Avenue Road/Seethapathy (Dr)Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 4,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values have progressed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. The previous revisions do not have figures listed for this street, indicating a lack of recorded values during those years.

Guideline values in Velachery

In Velachery, there are 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 value among these streets is Rs 4,400 per sq.ft, which is equal to the current value of VGP Avenue Road/Seethapathy (Dr)Nagar.

Stamp duty and registration fee for property in VGP Avenue Road/Seethapathy (Dr)Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers VGP Avenue Road/Seethapathy (Dr)Nagar?

The VGP Avenue Road/Seethapathy (Dr)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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of VGP Avenue Road/Seethapathy (Dr)Nagar?

The current guideline value of VGP Avenue Road/Seethapathy (Dr)Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase.

What is the classification of land for VGP Avenue Road/Seethapathy (Dr)Nagar?

The land classification for VGP Avenue Road/Seethapathy (Dr)Nagar is Residential Class II Type - II.

Which office handles registrations for properties in this area?

The Velacheri Sub Registrar Office handles registrations for properties in VGP Avenue Road/Seethapathy (Dr)Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Velachery?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.