Guideline Value

Corporate

Guideline Value for Velayutham Nagar

₹2000/sq.ft.

The guideline value for Velayutham Nagar in Srinivasapuram village (Kunrathur SRO, Chennai zone) is Rs 2000 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Srinivasapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2000 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹34 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Nagar

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Velayutham Nagar guideline value

The current guideline value of Velayutham Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is located in Srinivasapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Velayutham Nagar has changed

Over the years, the guideline value of Velayutham Nagar has seen significant changes. In 2003, the guideline value was Rs 34 per sq.ft, which rose to Rs 250 per sq.ft in 2007. The 2012 revision saw a jump to Rs 1,800 per sq.ft, but it then decreased to Rs 1,206 per sq.ft in 2017. The value increased again to Rs 1,800 per sq.ft in 2023, and finally, it reached Rs 2,000 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From 2017 to 2023, there was a 49% increase in the guideline value, while the period from 2012 to 2017 saw a decrease of 33%. The 2007 to 2012 revision had a remarkable increase of 620%, and from 2003 to 2007, the increase was 635%. Overall, from 2003 to 2024, the guideline value has increased by 5782%. The register has no figure for the year 2002 for this street.

Guideline values in Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 1,550 to Rs 7,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Velayutham Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Velayutham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Velayutham Nagar?

The Sub Registrar Office that covers Velayutham Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Srinivasapuram. It serves as the minimum value for which a property can be registered, ensuring that the transaction is documented at a fair value according to the current market standards.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Velayutham Nagar?

The current guideline value of Velayutham Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 34 per sq.ft in 2003 to Rs 2,000 per sq.ft in 2024, marking an overall increase of 5782%.

What is the land classification for Velayutham Nagar?

Velayutham Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Velayutham Nagar?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.