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Guideline Value

Corporate

Guideline Value for Velachery Main Road - 2nd Segment

₹13200/sq.ft.

The guideline value for Velachery Main Road - 2nd Segment 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 N/A
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3500 /sq.ft.
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 Velachery Main Road - 2nd Segment

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Velachery Main Road - 2nd Segment guideline value

The current guideline value of Velachery Main Road - 2nd Segment is Rs 13,200 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Velachery Main Road - 2nd Segment has changed

In the 2007 revision, the guideline value was Rs 3,500 per sq.ft. This increased significantly to Rs 12,000 per sq.ft in the 2012 revision, marking a change of +243%. The most recent revision in 2024 set the guideline value at Rs 13,200 per sq.ft, which is a +10% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +277%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street.

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 guideline value for these streets is Rs 4,400 per sq.ft, placing the 2024 figure for Velachery Main Road - 2nd Segment above this median.

Stamp duty and registration fee for property in Velachery Main Road - 2nd Segment

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 at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees together to Rs 11,88,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Velachery Main Road - 2nd Segment?

The Velachery Main Road - 2nd Segment falls under 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 is a crucial factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are paid based on the official valuation of the property.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding disputes and ensures a smooth transaction.

Frequently asked questions

What is the current guideline value of Velachery Main Road - 2nd Segment?

The current guideline value of Velachery Main Road - 2nd Segment is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 3,500 per sq.ft to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of +277%.

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

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

Which Sub Registrar Office should I go to for transactions in Velachery Main Road - 2nd Segment?

The Velachery Sub Registrar Office covers the Velachery Main Road - 2nd Segment, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Are there other streets in Velachery with the same guideline value?

Yes, several other streets in Velachery have the same guideline value of Rs 13,200 per sq.ft as of 2024, including Velachery Main Road - 1st Segment, Velachery Main Road - 3rd Segment, and Velachery Road/Gulmohar Avenue.