Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 48th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 48th 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 48th Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Dr. Ambedkar 48th Lane guideline value

The current guideline value of Dr. Ambedkar 48th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dr. Ambedkar 48th Lane has changed

Since the 2007 revision, the guideline value of Dr. Ambedkar 48th Lane has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The most recent 2024 revision has raised the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 120%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register 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, with a median value of Rs 4,400 per sq.ft. Dr. Ambedkar 48th Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 48th 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar 48th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 48th 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Velachery. It is the minimum value set by the government for property transactions, ensuring that properties are not sold below this value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 48th Lane?

The current guideline value of Dr. Ambedkar 48th 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, reflecting a 120% increase over this period.

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

Other streets in Velachery with the same guideline value of Rs 3,300 per sq.ft for 2024 include Dr. Ambedkar 47th Lane, Dr. Ambedkar 49th Lane, Dr. Ambedkar 46th Lane, Dr. Ambedkar 50th Lane, Dr. Ambedkar 45th Lane, and Dr. Ambedkar 51st Lane.

What is the stamp duty rate for property in Dr. Ambedkar 48th Lane?

The stamp duty rate for property in Dr. Ambedkar 48th Lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Dr. Ambedkar 48th Lane?

The Velacheri Sub Registrar Office, which covers Dr. Ambedkar 48th Lane, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.