Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 13 th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 13 Th Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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 Dr. Ambedkar 13 Th Lane

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Dr. Ambedkar 13 th Lane guideline value

The current guideline value of Dr. Ambedkar 13 th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street 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 13 th Lane has changed

Over the years, the guideline value of Dr. Ambedkar 13 th Lane has undergone several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The most recent 2024 revision has brought the guideline value up to Rs 3,300 per sq.ft, representing a significant increase of 64% from the previous figure.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Velachery

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

Stamp duty and registration fee for property in Dr. Ambedkar 13 th Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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 to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar 13 th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 13 th Lane 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 plays a crucial role when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that the guideline value is often used as a reference point for property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. Therefore, it is essential to understand the current guideline value to ensure accurate financial planning during the transaction process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 13 th Lane?

The current guideline value of Dr. Ambedkar 13 th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 120% over the years.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which means Dr. Ambedkar 13 th Lane's 2024 value is below this median.

What are the registration fees for property in Dr. Ambedkar 13 th Lane?

The registration fees for property in Dr. Ambedkar 13 th Lane include a stamp duty of 7% and a registration fee of 2%, based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Dr. Ambedkar 13 th Lane?

The Sub Registrar Office for Dr. Ambedkar 13 th Lane is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.