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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 143rd Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 143rd 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 ₹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 Nagar 143rd Lane

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Dr. Ambedkar Nagar 143rd Lane guideline value

The current guideline value of Dr. Ambedkar Nagar 143rd 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 143rd Lane has changed

Over the years, the guideline value of Dr. Ambedkar Nagar 143rd Lane has seen several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose significantly to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. The changes from 2012 to 2017 reflect a decrease of 33%, while the jump from 2017 to 2023 shows an increase of 49% and from 2023 to 2024, an increase of 10%.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, making the 2024 figure for Dr. Ambedkar Nagar 143rd Lane below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 143rd 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 the 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 Nagar 143rd Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 143rd Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Velachery

The guideline value is a crucial factor during property registration in Velachery. It is used to determine the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is bought or sold, the guideline value serves as a baseline for calculating the applicable duties. It is essential for both parties to understand that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the transaction is accurately recorded.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 143rd Lane?

The current guideline value of Dr. Ambedkar Nagar 143rd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much 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, reflecting an overall increase of 120% over this period.

What is the role of the Velacheri SRO?

The Velacheri SRO is responsible for maintaining the guideline values and facilitating property registrations in the Velachery area, including Dr. Ambedkar Nagar 143rd Lane.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Dr. Ambedkar Nagar 143rd Lane is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about property registration?

More information about property registration can be found at the Velacheri Sub Registrar Office, or you can visit the official website for resources related to property transactions.