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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 153rd Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 153rd 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 153rd Lane

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Dr. Ambedkar Nagar 153rd Lane guideline value

The current guideline value for Dr. Ambedkar Nagar 153rd 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 153rd Lane has changed

In 2007, the guideline value was Rs 1,500 per sq.ft. It increased to Rs 3,000 per sq.ft in 2012, reflecting a 100% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, marking a decline of 33%. The value then rose significantly to Rs 3,000 per sq.ft in 2023, which is a 49% increase from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, representing a 10% increase from 2023. Overall, from 2007 to 2024, the guideline value has increased by 120% for this street. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, the guideline values for 2024 range from Rs 3,300 to Rs 13,200 per sq.ft across 2,691 streets under the Velacheri SRO, with a median value of Rs 4,400 per sq.ft. The guideline value for Dr. Ambedkar Nagar 153rd Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 153rd 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these charges Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 153rd Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 153rd 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, as it determines the minimum value at which a property can be registered. The registration fees and stamp duty are calculated based on this guideline value, ensuring that both parties adhere to the legal requirements during the transaction.

When a property is sold, the guideline value helps in assessing the fair value for registration purposes. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 153rd Lane?

The current guideline value of Dr. Ambedkar Nagar 153rd 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 over the years, starting from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 120%.

What is the stamp duty for property in Dr. Ambedkar Nagar 153rd Lane?

The stamp duty for property in Dr. Ambedkar Nagar 153rd Lane is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Dr. Ambedkar Nagar 153rd Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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 Nagar 152nd Lane, 154th Lane, 151th Lane, 155th Lane, and 150th Lane.