Guideline Value

Corporate

Guideline Value for Welcome Nagar

₹1100/sq.ft.

The guideline value for Welcome Nagar in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹75 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹58 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Welcome Nagar

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Welcome Nagar guideline value

The current guideline value of Welcome Nagar, located in Ayappakkam village under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Welcome Nagar has changed

The guideline value for Welcome Nagar has seen several revisions over the years. In 2002, the value was Rs 58 per sq.ft, which increased to Rs 75 per sq.ft in 2003, marking a change of +29%. The value then experienced a significant rise to Rs 400 per sq.ft in 2007, an increase of +433%. Following that, the value rose to Rs 1,000 per sq.ft in 2012, reflecting a +150% change. However, it decreased to Rs 670 per sq.ft in 2017, a drop of -33%. The value then increased to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +1797%. The register has no figures for revisions in years other than those mentioned.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Welcome Nagar's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Welcome Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Welcome Nagar?

The Sub Registrar Office that covers Welcome Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Ayappakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This process ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Welcome Nagar?

The current guideline value of Welcome Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 58 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +1797% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would be Rs 99,000.

Which Sub Registrar Office covers Welcome Nagar?

The Ambattur Sub Registrar Office covers Welcome Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined for properties in Ayappakkam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical revisions. It serves as a standard for calculating fees during property transactions.