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Guideline Value

Corporate

Guideline Value for Velachery Main Road - 3rd Segment

₹13200/sq.ft.

The guideline value for Velachery Main Road - 3rd Segment 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 ₹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 - 3rd Segment

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Velachery Main Road - 3rd Segment guideline value

The current guideline value of Velachery Main Road - 3rd Segment is Rs 13,200 per sq.ft, effective from 1 July 2024. This property 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 - 3rd Segment has changed

The guideline value for Velachery Main Road - 3rd Segment has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 3,500 per sq.ft. This value increased significantly to Rs 12,000 per sq.ft in 2012, representing a change of +243%. The value remained unchanged at Rs 12,000 per sq.ft until the 2023 revision, which saw a new guideline value of Rs 12,000 per sq.ft. The current revision in 2024 has increased the guideline value to Rs 13,200 per sq.ft, marking a rise of +10% from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +277%.

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, positioning Velachery Main Road - 3rd Segment above this median.

Stamp duty and registration fee for property in Velachery Main Road - 3rd Segment

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.

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

Which Sub Registrar Office covers Velachery Main Road - 3rd Segment?

The Velachery Main Road - 3rd Segment is covered by 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 plays a crucial role in the registration process of property transactions in Velachery. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value is referenced to determine the applicable fees, which must be paid at the time of registration. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Velachery Main Road - 3rd Segment?

The current guideline value of Velachery Main Road - 3rd Segment is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the stamp duty rate for properties in Velachery?

The stamp duty rate for properties in Velachery is 7% of the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

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

What are the other streets in Velachery with the same guideline value?

Other streets in Velachery with a guideline value of Rs 13,200 per sq.ft in 2024 include Velachery Main Road - 2nd Segment, Velachery Road/Gulmohar Avenue, Velachery Tambaram Main Road, Velachery Main Road - 1st Segment, Velachery Tambaram Main Road East Side Dr. Seetharam Nagar, and Velachery Taramani Main Road.