Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 175th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 175th 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 N/A
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 175th Lane

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Dr. Ambedkar Nagar 175th Lane guideline value

The current guideline value of Dr. Ambedkar Nagar 175th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This lane 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 175th Lane has changed

The guideline value for Dr. Ambedkar Nagar 175th Lane has undergone several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. This represents a decline of 33%. However, with the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a significant rise of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street. The most recent revision reflects a positive change, bringing the current rate to Rs 3,300 per sq.ft.

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 guideline value for these streets is Rs 4,400 per sq.ft, indicating that the guideline value for Dr. Ambedkar Nagar 175th Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 175th 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 cost together to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 175th Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 175th 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the stamp duty and registration fees, which are necessary for completing the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 175th Lane?

The current guideline value of Dr. Ambedkar Nagar 175th 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,300 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the land classification for Dr. Ambedkar Nagar 175th Lane?

The land classification for Dr. Ambedkar Nagar 175th Lane is Residential Class III Type - I.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Dr. Ambedkar Nagar 175th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the stamp duty on a property in Dr. Ambedkar Nagar 175th Lane?

The stamp duty on a property valued at Rs 33,00,000 in Dr. Ambedkar Nagar 175th Lane would be Rs 2,31,000 at 7%, along with a registration fee of Rs 66,000 at 2%, totaling Rs 2,97,000.