Guideline Value for Dr. Ambedkar 100th Lane

Dr. Ambedkar 100th Lane guideline value

The current guideline value of Dr. Ambedkar 100th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This lane is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr. Ambedkar 100th Lane has changed

Over the years, the guideline value of Dr. Ambedkar 100th Lane has seen significant increases. The 2007 revision set the guideline value at Rs 1,500 per sq.ft, which rose to Rs 2,010 per sq.ft in 2017, marking a 34% increase. The value then jumped to Rs 3,000 per sq.ft in 2023, reflecting a 49% rise from the previous revision. The most recent revision in 2024 has further increased the value to Rs 3,300 per sq.ft, which is a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Dr. Ambedkar 100th Lane's 2024 figure below that median.

• Dr. Ambedkar 101th Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 102nd Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 103th Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 104th Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 105th Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 106th Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Ambedkar 100th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the 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 Dr. Ambedkar 100th Lane?

Dr. Ambedkar 100th Lane falls under 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 the registration process of property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property.

When a property is sold, the guideline value is compared with the actual sale price. The higher of the two values is used to calculate the applicable stamp duty, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 100th Lane?

The current guideline value of Dr. Ambedkar 100th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 120% over the years.

What is the stamp duty rate for properties in Dr. Ambedkar 100th Lane?

The stamp duty rate for properties in Dr. Ambedkar 100th Lane is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in Dr. Ambedkar 100th Lane is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dr. Ambedkar 100th Lane?

The Sub Registrar Office covering Dr. Ambedkar 100th Lane is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.