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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 124th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 124th 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 124th Lane

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Dr. Ambedkar Nagar 124th Lane guideline value

The current guideline value of Dr. Ambedkar Nagar 124th 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 124th Lane has changed

The guideline value for Dr. Ambedkar Nagar 124th Lane has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which reflects a 10% increase from the 2012 revision, where the value was Rs 3,000 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2012 revision, there were no recorded figures for the years mentioned. The only available figures are from the 2012 and 2024 revisions, indicating a clear upward trend in the guideline value over the specified period.

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. Dr. Ambedkar Nagar 124th Lane's guideline value is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 124th 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, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 124th Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 124th 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 critical factor in the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the government.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 124th Lane?

The current guideline value of Dr. Ambedkar Nagar 124th 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 changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the classification of the land in Dr. Ambedkar Nagar 124th Lane?

Dr. Ambedkar Nagar 124th Lane is classified as Residential Class III Type - I, which indicates the type of development permissible in the area.

What are the stamp duty and registration fees for property 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. The duty is charged based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Velacheri Sub Registrar Office, which covers Dr. Ambedkar Nagar 124th Lane, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.