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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 171st Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 171st 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 ₹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 171st Lane

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Dr. Ambedkar Nagar 171st Lane guideline value

The current guideline value for Dr. Ambedkar Nagar 171st Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dr. Ambedkar Nagar 171st Lane has changed

The guideline value for Dr. Ambedkar Nagar 171st Lane has seen several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 1,500 per sq.ft. This value increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33% from the previous revision.

Most recently, the guideline value rose to Rs 3,300 per sq.ft in the 2024 revision, representing a substantial increase of 64% from the 2017 figure. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. There are no figures available for the years 2023, 2003, and 2002 for this street.

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 171st Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 171st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the 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. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 171st Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 171st 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 details.

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

The guideline value is a crucial factor in property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is meant to reflect the market conditions for properties in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately with the appropriate fees. Buyers should always check the current guideline value before proceeding with any property transaction to avoid any unexpected costs.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 171st Lane?

The current guideline value of Dr. Ambedkar Nagar 171st Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,500 per sq.ft to Rs 3,300 per sq.ft in 2024, representing an overall increase of 120%. The value saw fluctuations, including a drop to Rs 2,010 per sq.ft in 2017.

What is the land classification for Dr. Ambedkar Nagar 171st Lane?

The land classification for Dr. Ambedkar Nagar 171st Lane is Residential Class III Type - I.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Dr. Ambedkar Nagar 171st Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.