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Guideline Value

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Guideline Value for Vinayagapuram cross Street A.G.S. Colony

₹4400/sq.ft.

The guideline value for Vinayagapuram Cross Street A.g.s. Colony 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 Cross Street A.g.s. Colony

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Vinayagapuram cross Street A.G.S. Colony guideline value

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

How the guideline value of Vinayagapuram cross Street A.G.S. Colony has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 4,400 per sq.ft, marking a 10% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The 2023 revision also showed a 10% increase from the previous year, reflecting a shift in the valuation of properties in this area.

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 guideline value in this area is Rs 4,400 per sq.ft, which aligns with the current value for Vinayagapuram cross Street A.G.S. Colony.

Stamp duty and registration fee for property in Vinayagapuram cross Street A.G.S. Colony

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. 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 detailed calculations.

Which Sub Registrar Office covers Vinayagapuram cross Street A.G.S. Colony?

The Velacheri Sub Registrar Office covers Vinayagapuram cross Street A.G.S. Colony. The office is 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 during property registration in Velachery. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented accurately for tax purposes.

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

Frequently asked questions

What is the current guideline value for Vinayagapuram cross Street A.G.S. Colony?

The current guideline value for Vinayagapuram cross Street A.G.S. Colony is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase overall. There was no change in the value from 2012 to 2023, but a 10% increase occurred from 2023 to 2024.

What is the stamp duty rate for properties in Velachery?

The stamp duty rate for properties in Velachery is 7% of the guideline value or sale price, whichever is higher. This is an important cost to consider when purchasing property.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles all property registrations in the area.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft. This value is representative of the various properties within the village, including Vinayagapuram cross Street A.G.S. Colony.