Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 18th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 18th Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. 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 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 18th Lane

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Dr. Ambedkar 18th Lane guideline value

The current guideline value of Dr. Ambedkar 18th 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 18th Lane has changed

Over the years, the guideline value of Dr. Ambedkar 18th Lane has experienced several revisions. The earliest recorded figure was Rs 1,500 per sq.ft in 2007, which saw a significant increase to Rs 3,000 per sq.ft in 2012. This figure remained unchanged until the 2023 revision, where it was again set at Rs 3,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has seen a total increase of 120% from the 2007 figure to the 2024 figure. Notably, there are no recorded figures for the years 2002, 2003, and 2017 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 guideline value for these streets is Rs 4,400 per sq.ft, placing Dr. Ambedkar 18th Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Dr. Ambedkar 18th 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 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 18th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 18th 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 in the registration of property transactions in Velachery. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The guideline value ensures that the registration fees are calculated fairly based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 18th Lane?

The current guideline value of Dr. Ambedkar 18th 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 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 this period.

What are the other streets with the same guideline value in Velachery?

Other streets in Velachery with the same guideline value of Rs 3,300 per sq.ft for 2024 include Dr. Ambedkar 17th Lane, Dr. Ambedkar 19th Lane, Dr. Ambedkar 16th Lane, Dr. Ambedkar 15th Lane, Dr. Ambedkar 20th Lane, and Dr. Ambedkar 14th Lane.

What is the registration fee for properties in Dr. Ambedkar 18th Lane?

The registration fee for properties in Dr. Ambedkar 18th Lane is calculated at 2% of the guideline value. For example, a property valued at Rs 33,00,000 would incur a registration fee of Rs 66,000.

Where is the Sub Registrar Office for Dr. Ambedkar 18th Lane located?

The Sub Registrar Office for Dr. Ambedkar 18th Lane is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.