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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 144th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 144th 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 144th Lane

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Dr. Ambedkar Nagar 144th Lane guideline value

The current guideline value of Dr. Ambedkar Nagar 144th 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Dr. Ambedkar Nagar 144th Lane has changed

Over the years, the guideline value of Dr. Ambedkar Nagar 144th 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, there was a significant decrease to Rs 2,010 per sq.ft in the 2017 revision. The value then rose sharply to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it has risen by 10%. The overall change from 2007 to 2024 reflects a substantial increase of 120%, marking a significant shift in the guideline value over the years.

Guideline values in Velachery

In Velachery village, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value. The values range 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 144th Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 144th 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 or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 144th Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 144th 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 buying or selling property in Velachery. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions. Buyers should be aware that the guideline value is used to determine the applicable fees, ensuring compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 144th Lane?

The current guideline value of Dr. Ambedkar Nagar 144th 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, reflecting an overall increase of 120% over the years.

What is the stamp duty for property in Dr. Ambedkar Nagar 144th Lane?

The stamp duty for property in Dr. Ambedkar Nagar 144th Lane is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Dr. Ambedkar Nagar 144th Lane?

The Velacheri Sub Registrar Office handles property registrations for Dr. Ambedkar Nagar 144th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Dr. Ambedkar Nagar 144th Lane?

Dr. Ambedkar Nagar 144th Lane is classified as Residential Class III Type - I, indicating its designation for residential purposes.