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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 49th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 49th 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 49th Lane

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Dr. Ambedkar 49th Lane guideline value

The current guideline value for Dr. Ambedkar 49th 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 49th Lane has changed

Over the years, the guideline value for Dr. Ambedkar 49th Lane has seen several revisions. The earliest recorded figure was Rs 1,500 per sq.ft in 2007, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, this figure remained unchanged until the 2023 revision, where it was still Rs 3,000 per sq.ft.

In 2024, the guideline value was revised to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2007 to 2024, there has been a 120% increase in the guideline value for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, indicating that Dr. Ambedkar 49th Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 49th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total 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, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambedkar 49th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 49th 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 plays a significant role in property transactions in Velachery. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can directly affect the overall cost of the property transaction. Proper understanding of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 49th Lane?

The current guideline value of Dr. Ambedkar 49th 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, showing an overall increase of 120% over the years.

What is the registration office for Dr. Ambedkar 49th Lane?

The registration office for Dr. Ambedkar 49th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for property in Dr. Ambedkar 49th Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 2,31,000.

What is the land classification of Dr. Ambedkar 49th Lane?

Dr. Ambedkar 49th Lane is classified as Residential Class III Type - I, which indicates its usage for residential purposes.