Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 46th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 46th 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 46th Lane

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Dr. Ambedkar 46th Lane guideline value

The current guideline value of Dr. Ambedkar 46th 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 46th Lane has changed

Over the years, the guideline value of Dr. Ambedkar 46th Lane has undergone several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, which also recorded Rs 3,000 per sq.ft. The most recent 2024 revision raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has seen significant changes since 2007. The increase from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024 represents an overall rise of 120%. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street.

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, placing Dr. Ambedkar 46th Lane's value below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 46th 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, while 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 for more details.

Which Sub Registrar Office covers Dr. Ambedkar 46th Lane?

Dr. Ambedkar 46th Lane falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay at the time of registration.

When selling a property, the guideline value ensures that the sale price reflects the official valuation set by the government. This helps maintain transparency in property transactions and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 46th Lane?

The current guideline value of Dr. Ambedkar 46th 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 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 120% over the years.

What is the stamp duty for properties in Dr. Ambedkar 46th Lane?

The stamp duty for properties in Dr. Ambedkar 46th Lane is calculated at 7% of the guideline value, which means for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

Where can I find the Sub Registrar Office for Dr. Ambedkar 46th Lane?

The Velacheri Sub Registrar Office covers Dr. Ambedkar 46th Lane and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the other streets with the same guideline value in Velachery?

Other streets in Velachery, such as Dr. Ambedkar 45th Lane, 47th Lane, 44th Lane, 48th Lane, 43rd Lane, and 49th Lane, also have a guideline value of Rs 3,300 per sq.ft for 2024.