Guideline Value

Corporate

Guideline Value for Dr. Ambedkar 90th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar 90th Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
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 90th Lane

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Dr. Ambedkar 90th Lane guideline value

The current guideline value for Dr. Ambedkar 90th 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 90th Lane has changed

Over the years, the guideline value for Dr. Ambedkar 90th Lane has seen several revisions. The earliest recorded figure is from the 2007 revision, which was Rs 1,500 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, the 2017 revision saw a decrease to Rs 2,010 per sq.ft, a drop of 33%. The most recent 2024 revision has raised the guideline value to Rs 3,300 per sq.ft, reflecting an increase of 64% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%.

Guideline values in Velachery

In Velachery village, there are 2,691 streets under the Velacheri SRO that have 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 for Dr. Ambedkar 90th Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar 90th 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, 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dr. Ambedkar 90th Lane?

The Sub Registrar Office that covers Dr. Ambedkar 90th 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 when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Dr. Ambedkar 90th Lane?

The current guideline value for Dr. Ambedkar 90th 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, marking an overall increase of 120% over the years.

What are the other streets with the same guideline value in Velachery?

Other streets in Velachery with the same guideline value of Rs 3,300 per sq.ft for 2024 include Dr. Ambedkar 8th Lane, Dr. Ambedkar 91st Lane, Dr. Ambedkar 89th Lane, Dr. Ambedkar 92nd Lane, Dr. Ambedkar 88th Lane, and Dr. Ambedkar 93rd Lane.

What is the stamp duty rate for property in Dr. Ambedkar 90th Lane?

The stamp duty rate for property transactions in Dr. Ambedkar 90th Lane is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dr. Ambedkar 90th Lane?

The Sub Registrar Office for Dr. Ambedkar 90th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.