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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 37th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 37th 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 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 37th Lane

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Dr. Ambedkar 37th Lane guideline value

The current guideline value of Dr. Ambedkar 37th 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 falls under the Residential Class III Type - I land classification.

How the guideline value of Dr. Ambedkar 37th Lane has changed

The guideline value for Dr. Ambedkar 37th Lane has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 3,000 per sq.ft. This figure saw a decrease to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 3,300 per sq.ft, representing a significant rise of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 10% in the guideline value. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value. The values range from Rs 3,300 to Rs 13,200 per sq.ft, with a median of Rs 4,400 per sq.ft. The guideline value of Dr. Ambedkar 37th Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 37th 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 or the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar 37th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 37th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit this link.

How the guideline value is used when you buy or sell in Velachery

The guideline value plays a crucial role in the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value must be considered, as it affects the total costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 37th Lane?

The current guideline value of Dr. Ambedkar 37th 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification of Dr. Ambedkar 37th Lane?

Dr. Ambedkar 37th Lane falls under the Residential Class III Type - I land classification.

What is the stamp duty for property in Dr. Ambedkar 37th Lane?

The stamp duty for property in Dr. Ambedkar 37th Lane is calculated at 7% of the guideline value. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 2,31,000.

Where is the Sub Registrar Office for Dr. Ambedkar 37th Lane located?

The Velacheri Sub Registrar Office covers Dr. Ambedkar 37th Lane and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.