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Guideline Value

Corporate

Guideline Value for Varadharajapuram/Velacheri Taramani Link Road

₹13200/sq.ft.

The guideline value for Varadharajapuram/velacheri Taramani Link Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /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)

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 Varadharajapuram/velacheri Taramani Link Road

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Varadharajapuram/Velacheri Taramani Link Road guideline value

The current guideline value of Varadharajapuram/Velacheri Taramani Link Road is Rs 13,200 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 Commercial Class I Type - I.

How the guideline value of Varadharajapuram/Velacheri Taramani Link Road has changed

The guideline value for Varadharajapuram/Velacheri Taramani Link Road has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 12,000 per sq.ft, which decreased to Rs 8,040 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision has seen a significant increase, bringing the value back up to Rs 13,200 per sq.ft, representing a 64% rise from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street in the register.

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, with a median value of Rs 4,400 per sq.ft. The guideline value for Varadharajapuram/Velacheri Taramani Link Road is notably above this median.

Stamp duty and registration fee for property in Varadharajapuram/Velacheri Taramani Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty, charged at 7%, would amount to Rs 9,24,000, and the registration fee, charged at 2%, would be Rs 2,64,000, bringing the total to Rs 11,88,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Varadharajapuram/Velacheri Taramani Link Road?

The Sub Registrar Office that covers Varadharajapuram/Velacheri Taramani Link Road is 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 details.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the registration process adheres to the legal requirements.

When a buyer or seller approaches the registration office, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Varadharajapuram/Velacheri Taramani Link Road?

The current guideline value of Varadharajapuram/Velacheri Taramani Link Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 10%, from Rs 12,000 per sq.ft in 2012 to Rs 13,200 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 8,040 per sq.ft, which was a decline from the previous figure of Rs 12,000 per sq.ft in 2012.

Which registration office covers this area?

The Velacheri Sub Registrar Office covers Varadharajapuram/Velacheri Taramani Link Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in Varadharajapuram/Velacheri Taramani Link Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 9,24,000 based on the current guideline value.