Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 31st Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 31st 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 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 31st Lane

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Dr. Ambedkar 31st Lane guideline value

The current guideline value of Dr. Ambedkar 31st 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 31st Lane has changed

The guideline value for Dr. Ambedkar 31st Lane has undergone several revisions over the years. The oldest available figure is from the 2012 revision, which was Rs 3,000 per sq.ft. The most recent revision in 2024 has increased this value to Rs 3,300 per sq.ft, reflecting a change of +10% from the 2012 figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only available revisions are from 2012 and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Dr. Ambedkar 31st Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 31st 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. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambedkar 31st Lane?

The Sub Registrar Office that covers Dr. Ambedkar 31st 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 during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller registers a property, the guideline value is compared with the sale price to assess the applicable duties. The higher of the two values is used to calculate the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 31st Lane?

The current guideline value of Dr. Ambedkar 31st 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, which is a change of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Dr. Ambedkar 31st Lane?

Dr. Ambedkar 31st Lane is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Dr. Ambedkar 31st Lane?

The Velacheri Sub Registrar Office covers Dr. Ambedkar 31st Lane and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.