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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 55th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 55th 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 55th Lane

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Dr. Ambedkar 55th Lane guideline value

The current guideline value of Dr. Ambedkar 55th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, classified as Residential Class III Type - I.

How the guideline value of Dr. Ambedkar 55th Lane has changed

The guideline value for Dr. Ambedkar 55th Lane has seen several revisions over the years. The 2007 revision set the guideline value at Rs 1,500 per sq.ft. This figure was doubled in the 2012 revision to Rs 3,000 per sq.ft. The value remained unchanged in the 2023 revision, still at Rs 3,000 per sq.ft. However, the latest revision in 2024 increased the value by 10% to Rs 3,300 per sq.ft.

In summary, the guideline value has increased by 120% from the 2007 revision to the 2024 revision. 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. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Dr. Ambedkar 55th Lane below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 55th 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, totaling 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar 55th Lane?

The Sub Registrar Office covering Dr. Ambedkar 55th 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 is a crucial factor during property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when registering a property.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 55th Lane?

The current guideline value of Dr. Ambedkar 55th 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 total increase of 120% over the years.

What are the registration fees for properties in this area?

The registration fees are calculated based on the guideline value, which is currently Rs 3,300 per sq.ft. For example, a 1,000 sq.ft property would incur a registration fee of Rs 66,000.

Which office handles property registrations for Dr. Ambedkar 55th Lane?

The Velacheri Sub Registrar Office handles property registrations for Dr. Ambedkar 55th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures transparency and consistency in the financial obligations of buyers and sellers.