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Guideline Value

Corporate

Guideline Value for Velachery Tambaram Main Road East Side Dr. Seetharam Nagar

₹13200/sq.ft.

The guideline value for Velachery Tambaram Main Road East Side 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 N/A
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2300 /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 Tambaram Main Road East Side Dr. Seetharam Nagar

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Velachery Tambaram Main Road East Side Dr. Seetharam Nagar guideline value

The current guideline value for Velachery Tambaram Main Road East Side Dr. Seetharam Nagar 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 Tambaram Main Road East Side Dr. Seetharam Nagar has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 2,300 per sq.ft. This value saw a significant increase to Rs 12,000 per sq.ft in the 2012 revision, marking a change of +422%. The value remained unchanged at Rs 12,000 per sq.ft through the 2023 revision. However, in the 2024 revision, the guideline value rose to Rs 13,200 per sq.ft, reflecting a +10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +474%. The revisions for the years 2017, 2003, and 2002 do not have any figures recorded for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO carrying a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing the 2024 figure for Velachery Tambaram Main Road East Side Dr. Seetharam Nagar above the median.

Stamp duty and registration fee for property in Velachery Tambaram Main Road East Side Dr. Seetharam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, while the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Velachery Tambaram Main Road East Side Dr. Seetharam Nagar?

The Velachery Tambaram Main Road East Side Dr. Seetharam Nagar falls under the jurisdiction of 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 when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Velachery Tambaram Main Road East Side Dr. Seetharam Nagar?

The current guideline value for Velachery Tambaram Main Road East Side Dr. Seetharam Nagar is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 2,300 per sq.ft to Rs 13,200 per sq.ft in 2024, which is a total increase of +474%.

What is the land classification for this area?

The land classification for Velachery Tambaram Main Road East Side Dr. Seetharam Nagar is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office is 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 is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are charged at 2% of the guideline value.