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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 32nd Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 32nd 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 32nd Lane

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Dr. Ambedkar 32nd Lane guideline value

The current guideline value of Dr. Ambedkar 32nd 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 32nd Lane has changed

The guideline value for Dr. Ambedkar 32nd Lane has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 3,000 per sq.ft. This increased to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only recorded 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. The median guideline value in this area is Rs 4,400 per sq.ft, indicating that the 2024 figure for Dr. Ambedkar 32nd Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 32nd Lane

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambedkar 32nd Lane?

The Sub Registrar Office that covers Dr. Ambedkar 32nd 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 critical factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring that the registration reflects the fair value of the property.

When you buy or sell property, the guideline value influences the stamp duty and registration fees payable. It is essential to consult the guideline value to understand the financial implications of your transaction.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 32nd Lane?

The current guideline value of Dr. Ambedkar 32nd 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 for Dr. Ambedkar 32nd Lane was Rs 3,000 per sq.ft in 2012 and increased to Rs 3,300 per sq.ft in 2024, a 10% increase.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Dr. Ambedkar 32nd Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for properties here?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Are there other streets with the same guideline value?

Yes, several other streets in Velachery have the same guideline value of Rs 3,300 per sq.ft in 2024, including Dr. Ambedkar 31st Lane, Dr. Ambedkar 33rd Lane, and others.