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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 52nd Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 52nd 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 52nd Lane

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Dr. Ambedkar 52nd Lane guideline value

The current guideline value of Dr. Ambedkar 52nd 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 52nd Lane has changed

Over the years, the guideline value for Dr. Ambedkar 52nd Lane has seen significant changes. The 2007 revision set the value at Rs 1,500 per sq.ft, which was then increased to Rs 3,000 per sq.ft in the 2012 revision. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which raised it to Rs 3,300 per sq.ft, marking a 10% increase. Overall, from 2007 to 2024, 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 for this street. The revisions reflect the evolving real estate landscape in the area, particularly from 2007 to 2012, where the value doubled, and from 2023 to 2024, where it increased by 10%.

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 value for these streets is Rs 4,400 per sq.ft, indicating that Dr. Ambedkar 52nd Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 52nd 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, 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dr. Ambedkar 52nd Lane?

The Sub Registrar Office that covers Dr. Ambedkar 52nd Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is an official rate set by the government, ensuring that the transactions are conducted at a standardized value.

When registering a property, buyers and sellers must ensure that the transaction is in accordance with the guideline value. This helps maintain transparency and fairness in property dealings within the Velachery area.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 52nd Lane?

The current guideline value of Dr. Ambedkar 52nd 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 significantly from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 120%.

What is the land classification for Dr. Ambedkar 52nd Lane?

The land classification for Dr. Ambedkar 52nd Lane is Residential Class III Type - I.

Where is the Sub Registrar Office located for this street?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Dr. Ambedkar 52nd Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current rate incurs a total of Rs 2,97,000 in fees.