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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 165th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 165th 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 N/A
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 165th Lane

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Dr. Ambedkar Nagar 165th Lane guideline value

The current guideline value for Dr. Ambedkar Nagar 165th 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 165th Lane has changed

Over the years, the guideline value for Dr. Ambedkar Nagar 165th Lane has seen several revisions. The 2007 revision set the value at Rs 1,500 per sq.ft, which was a significant increase of 100% to Rs 3,000 per sq.ft in the 2012 revision. The value remained unchanged in the 2023 revision, continuing at Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 3,300 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register 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 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 for Dr. Ambedkar Nagar 165th Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 165th 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, making the total cost for these fees Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar Nagar 165th Lane?

Dr. Ambedkar Nagar 165th Lane falls under the jurisdiction of 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 registering property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable to the sale, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is important to be aware of the guideline value, as it can influence the overall cost of the transaction. Buyers should consider this value alongside the sale price to understand their financial obligations during registration.

Frequently asked questions

What is the current guideline value for Dr. Ambedkar Nagar 165th Lane?

The current guideline value for Dr. Ambedkar Nagar 165th 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 increased from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 120% over the years.

What is the stamp duty rate for property in Dr. Ambedkar Nagar 165th Lane?

The stamp duty rate for property transactions in Dr. Ambedkar Nagar 165th Lane is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 165th Lane?

The Velacheri Sub Registrar Office covers Dr. Ambedkar Nagar 165th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Dr. Ambedkar Nagar 165th Lane?

Dr. Ambedkar Nagar 165th Lane is classified as Residential Class III Type - I, indicating its suitability for residential development.