Guideline Value for Dr. Ambedkar 30th Lane

Dr. Ambedkar 30th Lane guideline value

The current guideline value of Dr. Ambedkar 30th 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 30th Lane has changed

The guideline value for Dr. Ambedkar 30th Lane has seen several revisions over the years. In the 2012 revision, the value was Rs 3,000 per sq.ft, which was an increase of 10% from the previous figure. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street. The changes from the 2012 revision to the 2024 revision reflect a rise in the guideline value, showcasing a clear upward trend in the official rates.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values 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 30th Lane's 2024 figure below that median.

• Dr. Ambedkar 31st Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 29th Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 32nd Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 28th Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 33rd Lane: Rs 3,300 per sq.ft (2024)
• Dr. Ambedkar 27th Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Ambedkar 30th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to 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.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Dr. Ambedkar 30th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 30th 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 is a crucial factor in the registration process for property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transfer of property ownership.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Ensuring that the sale price is in line with the guideline value can help avoid potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 30th Lane?

The current guideline value of Dr. Ambedkar 30th 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification of Dr. Ambedkar 30th Lane?

Dr. Ambedkar 30th Lane is classified as Residential Class III Type - I.

What is the registration office for Dr. Ambedkar 30th Lane?

The registration office for Dr. Ambedkar 30th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Dr. Ambedkar 30th Lane?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 3,300 per sq.ft, the stamp duty would be Rs 2,31,000.