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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 60th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 60th 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 60th Lane

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Dr. Ambedkar 60th Lane guideline value

The current guideline value of Dr. Ambedkar 60th 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 60th Lane has changed

Over the years, the guideline value for Dr. Ambedkar 60th Lane has seen several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft, which was a significant increase to Rs 3,000 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it stayed at Rs 3,000 per sq.ft. The latest revision in 2024 increased the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2007 revision to the 2024 revision, the overall increase in the guideline value is 120%. Notably, 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, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, indicating that Dr. Ambedkar 60th Lane's 2024 figure is below that median.

Stamp duty and registration fee for property in Dr. Ambedkar 60th 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, 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 guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar 60th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 60th 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 crucial role in the registration process for 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. This ensures that the fees are based on a standardized value set by the registration department.

As a buyer or seller, it is essential to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding how the guideline value is determined can help in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar 60th Lane?

The current guideline value of Dr. Ambedkar 60th 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, marking an overall increase of 120% over the years.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles property registration for Dr. Ambedkar 60th Lane?

The Velacheri Sub Registrar Office handles property registration for Dr. Ambedkar 60th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Dr. Ambedkar 60th Lane?

The land classification for Dr. Ambedkar 60th Lane is Residential Class III Type - I.