Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 173rdane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 173rdane 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 173rdane

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Dr. Ambedkar Nagar 173rdane guideline value

The current guideline value of Dr. Ambedkar Nagar 173rdane 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 173rdane has changed

The guideline value for Dr. Ambedkar Nagar 173rdane has seen several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a significant increase of 64% from the 2017 figure.

It is important to note that there are no figures available in the register for the years 2023, 2003, and 2002 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. The median value for these streets is Rs 4,400 per sq.ft, which means that the 2024 guideline value for Dr. Ambedkar Nagar 173rdane is below the median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 173rdane

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 cost 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 use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 173rdane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 173rdane 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 in the registration process when buying or selling property in Velachery. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must consider this value to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 173rdane?

The current guideline value of Dr. Ambedkar Nagar 173rdane 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 land classification for Dr. Ambedkar Nagar 173rdane?

Dr. Ambedkar Nagar 173rdane is classified as Residential Class III Type - I.

What is the stamp duty for property in Dr. Ambedkar Nagar 173rdane?

The stamp duty for property in Dr. Ambedkar Nagar 173rdane is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 2,31,000.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 173rdane?

The Velacheri Sub Registrar Office covers Dr. Ambedkar Nagar 173rdane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.