Guideline Value

Corporate

Guideline Value for Velayutham Colony 2 nd Main Road

₹4950/sq.ft.

The guideline value for Velayutham Colony 2 Nd Main Road in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Velayutham Colony 2 Nd Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Velayutham Colony 2 nd Main Road guideline value

The current guideline value for Velayutham Colony 2 nd Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Velayutham Colony 2 nd Main Road has changed

Over the years, the guideline value for Velayutham Colony 2 nd Main Road has seen significant changes. The earliest recorded figure is from 2007, where the guideline value was Rs 850 per sq.ft. This increased to Rs 4,500 per sq.ft in 2012, marking a substantial rise of 429%. However, the value then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The following revisions saw an increase, with the value rising to Rs 4,500 per sq.ft in 2023 and then to Rs 4,950 per sq.ft in 2024, reflecting a 10% increase in the latest revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 482%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for the area is Rs 4,400 per sq.ft, placing Velayutham Colony 2 nd Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Velayutham Colony 2 nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost together to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Velayutham Colony 2 nd Main Road?

The Sub Registrar Office that covers Velayutham Colony 2 nd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Saligramam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the authorities will assess the guideline value to ensure that the appropriate taxes are collected. This value serves as a benchmark for property transactions, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Velayutham Colony 2 nd Main Road?

The current guideline value of Velayutham Colony 2 nd Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 850 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 482% over the years.

What are the stamp duty and registration fees for property in Velayutham Colony 2 nd Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 49,50,000. The stamp duty is Rs 3,46,500, and the registration fee is Rs 99,000, totaling Rs 4,45,500.

Which Sub Registrar Office covers Velayutham Colony 2 nd Main Road?

The Virugambakkam Sub Registrar Office covers Velayutham Colony 2 nd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Saligramam?

The median guideline value for streets in Saligramam is Rs 4,400 per sq.ft, with Velayutham Colony 2 nd Main Road's guideline value being above this median.