Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 54th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 54th 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 54th 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 54th Lane guideline value

The current guideline value of Dr. Ambedkar 54th 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 54th Lane has changed

Over the years, the guideline value of Dr. Ambedkar 54th Lane has seen several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft, which then doubled to Rs 3,000 per sq.ft in the 2012 revision. This figure remained unchanged through the 2023 revision. The most recent revision in 2024 increased the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has increased by 120% from the 2007 revision to the 2024 revision. 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 value for these streets is Rs 4,400 per sq.ft, indicating that Dr. Ambedkar 54th Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 54th 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 duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr. Ambedkar 54th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 54th 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

When buying or selling property in Velachery, the guideline value plays a crucial role in the registration process. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

During the registration process, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 54th Lane?

The current guideline value of Dr. Ambedkar 54th 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 seen several revisions, starting from Rs 1,500 per sq.ft in 2007, increasing to Rs 3,000 per sq.ft in 2012, and remaining the same until 2023. The most recent increase to Rs 3,300 per sq.ft occurred in 2024.

What is the stamp duty for property in Dr. Ambedkar 54th Lane?

The stamp duty for property in Dr. Ambedkar 54th Lane is calculated at 7% of the guideline value. For a property valued at Rs 33,00,000, the stamp duty would amount to Rs 2,31,000.

Which Sub Registrar Office covers Dr. Ambedkar 54th Lane?

The Velacheri Sub Registrar Office covers Dr. Ambedkar 54th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Dr. Ambedkar 54th Lane?

The land classification for Dr. Ambedkar 54th Lane is Residential Class III Type - I, indicating its suitability for residential development.