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Guideline Value

Corporate

Guideline Value for VGP Selava Nagar 2nd Main Road

₹4400/sq.ft.

The guideline value for Vgp Selava Nagar 2nd Main Road 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 Selava Nagar 2nd Main Road

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VGP Selava Nagar 2nd Main Road guideline value

The current guideline value for VGP Selava Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of VGP Selava Nagar 2nd Main Road has changed

In the 2023 revision, the guideline value was Rs 4,000 per sq.ft. The recent 2024 revision has increased this figure to Rs 4,400 per sq.ft, marking a change of +10%. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for VGP Selava Nagar 2nd Main Road are from 2023 and 2024. The current value aligns with the median guideline value for the village, which is also Rs 4,400 per sq.ft.

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 is Rs 4,400 per sq.ft, which matches the current guideline value for VGP Selava Nagar 2nd Main Road.

Stamp duty and registration fee for property in VGP Selava Nagar 2nd Main Road

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 the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VGP Selava Nagar 2nd Main Road?

The VGP Selava Nagar 2nd Main Road comes under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, in the Chennai registration zone. 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 is used to determine the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is taken into account for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value for VGP Selava Nagar 2nd Main Road?

The current guideline value for VGP Selava Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 4,000 per sq.ft in 2023 and increased to Rs 4,400 per sq.ft in 2024, reflecting a change of +10%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for VGP Selava Nagar 2nd Main Road?

The land classification for VGP Selava Nagar 2nd Main Road is Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This is the office that handles registrations for properties in the area.

How is stamp duty calculated for properties in VGP Selava Nagar 2nd Main Road?

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