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Guideline Value

Corporate

Guideline Value for Velacheri Tambaram Road,Dr Seetharam Nagar

₹13200/sq.ft.

The guideline value for Velacheri Tambaram Road,dr Seetharam Nagar in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. 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 ₹12000 /sq.ft.
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 Velacheri Tambaram Road,dr Seetharam Nagar

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Velacheri Tambaram Road,Dr Seetharam Nagar guideline value

The current guideline value of Velacheri Tambaram Road, Dr Seetharam Nagar is Rs 13,200 per sq.ft, effective from 1 July 2024. This area is located in Velachery village and falls under the Velacheri SRO, classified as Commercial Class I Type - I.

How the guideline value of Velacheri Tambaram Road,Dr Seetharam Nagar has changed

The guideline value for this street has seen significant changes over the years. The oldest recorded figure is from 2012, where it was Rs 12,000 per sq.ft. In 2017, it decreased to Rs 8,040 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, it increased by 49% to reach Rs 12,000 per sq.ft. Finally, the 2024 revision set the current value at Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 is an increase of 10%.

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 for these streets is Rs 4,400 per sq.ft, indicating that the guideline value of Velacheri Tambaram Road, Dr Seetharam Nagar is above this median.

Stamp duty and registration fee for property in Velacheri Tambaram Road,Dr Seetharam Nagar

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

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

Which Sub Registrar Office covers Velacheri Tambaram Road,Dr Seetharam Nagar?

The Velacheri Tambaram Road, Dr Seetharam Nagar area is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements and to calculate the associated costs accurately.

When a property is sold, the guideline value is used to assess the minimum value for which the property can be registered. This ensures that the transaction is recorded at a value that reflects the prevailing market conditions, safeguarding the interests of both parties involved.

Frequently asked questions

What is the current guideline value of Velacheri Tambaram Road, Dr Seetharam Nagar?

The current guideline value of Velacheri Tambaram Road, Dr Seetharam Nagar is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then back to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Velacheri Tambaram Road, Dr Seetharam Nagar is Commercial Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot would incur total fees of Rs 11,88,000.

Which Sub Registrar Office covers this area?

The Velacheri Tambaram Road, Dr Seetharam Nagar area is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.