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Guideline Value

Corporate

Guideline Value for Velachery Taramani Main Road

₹13200/sq.ft.

The guideline value for Velachery Taramani Main Road 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 ₹3963 /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 Taramani Main Road

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Velachery Taramani Main Road guideline value

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

How the guideline value of Velachery Taramani Main Road has changed

The guideline value for Velachery Taramani Main Road has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 3,963 per sq.ft. This increased significantly to Rs 12,000 per sq.ft in 2012, marking a change of +203%. The value remained unchanged at Rs 12,000 per sq.ft until the 2023 revision, which then increased to Rs 13,200 per sq.ft in 2024, a rise of +10%.

Notably, there are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +233%.

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, placing Velachery Taramani Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Velachery Taramani Main Road

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, resulting in a total of Rs 11,88,000. Please note that the 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 Taramani Main Road?

The Velachery Taramani Main Road 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 information.

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

The guideline value is an important factor when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value of property transactions, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Velachery Taramani Main Road?

The current guideline value of Velachery Taramani Main Road 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 increased from Rs 3,963 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, marking an overall increase of +233%.

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

Other streets in Velachery with a guideline value of Rs 13,200 per sq.ft in 2024 include Velachery Tambaram Main Road East Side Dr. Seetharam Nagar, Velachery Tambaram Main Road, Velachery Road/Gulmohar Avenue, and various segments of Velachery Main Road.

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

Stamp duty is charged at 7% and registration fees at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 11,88,000.

Which office handles the registration for Velachery Taramani Main Road?

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