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Guideline Value

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Guideline Value for Vinayagapuram A.G.S. Colony 5th Main Road

₹4400/sq.ft.

The guideline value for Vinayagapuram A.g.s. Colony 5th Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Vinayagapuram A.g.s. Colony 5th Main Road

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Vinayagapuram A.G.S. Colony 5th Main Road guideline value

The current guideline value of Vinayagapuram A.G.S. Colony 5th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of Vinayagapuram A.G.S. Colony 5th Main Road has changed

The guideline value for Vinayagapuram A.G.S. Colony 5th Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the 2023 revision of Rs 4,000 per sq.ft. Prior to this, the 2012 revision also recorded a value of Rs 4,000 per sq.ft, indicating no change from 2012 to 2023. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value increased by 10%. The current figure of Rs 4,400 per sq.ft aligns with the median guideline value for Velachery, which ranges from Rs 3,300 to Rs 13,200 per sq.ft in 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The guideline value for Vinayagapuram A.G.S. Colony 5th Main Road is equal to the median of Rs 4,400 per sq.ft. Below are the guideline values for other streets in Velachery:

Stamp duty and registration fee for property in Vinayagapuram A.G.S. Colony 5th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayagapuram A.G.S. Colony 5th Main Road?

The Sub Registrar Office that covers Vinayagapuram A.G.S. Colony 5th Main Road is 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 in property transactions in Velachery, as it serves as the minimum value for registration purposes. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is officially recorded.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Vinayagapuram A.G.S. Colony 5th Main Road?

The current guideline value of Vinayagapuram A.G.S. Colony 5th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, as both revisions recorded Rs 4,000 per sq.ft.

What is the land classification for this area?

Vinayagapuram A.G.S. Colony 5th Main Road is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value.

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

The Sub Registrar Office for Vinayagapuram A.G.S. Colony 5th Main Road is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.