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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 44th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 44th 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 44th Lane

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Dr. Ambedkar 44th Lane guideline value

The current guideline value of Dr. Ambedkar 44th 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 44th Lane has changed

The guideline value of Dr. Ambedkar 44th Lane has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. This marked a significant change of 100%. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which set it at Rs 3,300 per sq.ft, reflecting a 10% increase. The current guideline value of Rs 3,300 per sq.ft will take effect from 1 July 2024.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

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. Dr. Ambedkar 44th Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 44th Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling 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 for more details.

Which Sub Registrar Office covers Dr. Ambedkar 44th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 44th 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 when buying or selling property in Velachery. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 44th Lane?

The current guideline value of Dr. Ambedkar 44th 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 several times, starting from Rs 1,500 per sq.ft in 2007, increasing to Rs 3,000 per sq.ft in 2012, and then to Rs 3,300 per sq.ft in 2023. The current value will remain effective from 1 July 2024.

What are the guideline values of other streets in Velachery?

Other streets in Velachery, such as Dr. Ambedkar 43rd Lane, Dr. Ambedkar 45th Lane, Dr. Ambedkar 42nd Lane, Dr. Ambedkar 46th Lane, Dr. Ambedkar 41st Lane, and Dr. Ambedkar 47th Lane, all have a guideline value of Rs 3,300 per sq.ft for 2024.

What is the registration fee for property in Dr. Ambedkar 44th Lane?

The registration fee for property in Dr. Ambedkar 44th Lane is calculated based on the guideline value. For example, a 1,000 sq.ft plot would incur a registration fee of Rs 66,000 at the current guideline value of Rs 33,00,000.

Which office handles property registration for Dr. Ambedkar 44th Lane?

The Velacheri Sub Registrar Office handles property registration for Dr. Ambedkar 44th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.