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Guideline Value

Corporate

Guideline Value for Velacheri Taramani Link Road/Varadharajapuram

₹13200/sq.ft.

The guideline value for Velacheri Taramani Link Road/varadharajapuram 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 N/A
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 Taramani Link Road/varadharajapuram

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Velacheri Taramani Link Road/Varadharajapuram guideline value

The current guideline value of Velacheri Taramani Link Road/Varadharajapuram 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. The land classification for this street is Commercial Class I Type - I.

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

Looking at the historical revisions, the guideline value for this street was Rs 12,000 per sq.ft in the 2012 revision. It remained unchanged through to the 2023 revision, which also recorded a value of Rs 12,000 per sq.ft. However, in the 2024 revision, the value increased to Rs 13,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2017 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 of Velacheri Taramani Link Road/Varadharajapuram is significantly above this median.

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

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, charged 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 also use the stamp duty and registration fee calculator for more precise calculations.

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

The Velacheri Taramani Link Road/Varadharajapuram is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value helps in establishing a fair price for the transaction, which is essential for legal and taxation purposes. Buyers and sellers should always be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

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

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

How has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value increased from Rs 12,000 per sq.ft to Rs 13,200 per sq.ft. There was no change in the value from 2012 to 2023, but a 10% increase occurred from 2023 to 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 11,88,000.

Which office handles registrations for Velacheri Taramani Link Road/Varadharajapuram?

The registrations for Velacheri Taramani Link Road/Varadharajapuram are handled by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Where can I find more information about the guideline values in Velachery?

For more information about guideline values in Velachery, you can refer to the Registration Department's guideline value register or explore other streets in the area.