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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 122nd Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 122nd 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 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Nagar 122nd Lane

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Dr. Ambedkar Nagar 122nd Lane guideline value

The current guideline value of Dr. Ambedkar Nagar 122nd 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 Nagar 122nd Lane has changed

The guideline value for Dr. Ambedkar Nagar 122nd Lane has seen a revision from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase over this period. The register has no figure for the years 2002, 2003, 2007, 2017, and 2023, indicating that no changes were recorded for this street during those years.

In summary, the only recorded revisions for this street are from 2012 to 2024, with the value rising from Rs 3,000 to Rs 3,300 per sq.ft. The significant increase reflects the latest assessment in the 2024 revision.

Guideline values in Velachery

In Velachery, there are a total of 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 Nagar 122nd Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 122nd 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 higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar Nagar 122nd Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 122nd 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 is a crucial factor in the registration process for property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property. This ensures that the government receives the appropriate taxes based on the property's assessed value, which is either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 122nd Lane?

The current guideline value of Dr. Ambedkar Nagar 122nd 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023.

What are the guideline values of other streets in Velachery?

Other streets in Velachery have guideline values that also stand at Rs 3,300 per sq.ft for the year 2024. This includes streets such as Dr. Ambedkar Nagar 11th Cross Street, Dr. Ambedkar Nagar 123rd Lane, and others.

How is stamp duty calculated for properties in Dr. Ambedkar Nagar 122nd Lane?

Stamp duty for properties in Dr. Ambedkar Nagar 122nd Lane is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Which office handles property registrations in this area?

The Velacheri Sub Registrar Office handles property registrations for Dr. Ambedkar Nagar 122nd Lane. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.