Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 53rd Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 53rd 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 53rd Lane

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Dr. Ambedkar 53rd Lane guideline value

The current guideline value of Dr. Ambedkar 53rd 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 53rd Lane has changed

Over the years, the guideline value for Dr. Ambedkar 53rd Lane has seen several revisions. 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 2012. This value remained unchanged until the 2023 revision, where it was again set at Rs 3,000 per sq.ft. The most recent revision in 2024 saw a significant increase of 10%, bringing the guideline value to Rs 3,300 per sq.ft.

From 2007 to 2012, the value jumped by 100%, and from 2012 to 2023, there was no change. Overall, from 2007 to 2024, the guideline value has increased by 120%. The revisions for the years 2002, 2003, and 2017 have no figures recorded 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. The guideline value of Dr. Ambedkar 53rd Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 53rd 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, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be 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.

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

Which Sub Registrar Office covers Dr. Ambedkar 53rd Lane?

The Sub Registrar Office that covers Dr. Ambedkar 53rd 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 plays a crucial role in property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process. The guideline value is typically referenced to ensure that the transaction is recorded accurately and fairly.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are prepared for the associated costs that come with the registration of the property.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 53rd Lane?

The current guideline value of Dr. Ambedkar 53rd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,500 per sq.ft to Rs 3,300 per sq.ft in 2024, marking a total increase of 120% over this period.

What is the land classification for Dr. Ambedkar 53rd Lane?

Dr. Ambedkar 53rd Lane is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office covers Dr. Ambedkar 53rd Lane and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for property in this lane?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.