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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 177th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 177th 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 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 177th Lane

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Dr. Ambedkar Nagar 177th Lane guideline value

The current guideline value for Dr. Ambedkar Nagar 177th 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 177th Lane has changed

The guideline value for Dr. Ambedkar Nagar 177th Lane has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

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 177th Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 177th 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, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 177th Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 177th 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 plays a crucial role in the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the Registration Department and is subject to periodic revisions.

When a buyer or seller engages in a property transaction, the guideline value is considered to ensure that the appropriate fees are collected. This value serves as a benchmark for assessing property transactions, ensuring transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Dr. Ambedkar Nagar 177th Lane?

The current guideline value for Dr. Ambedkar Nagar 177th 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, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

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 in 2024 include Dr. Ambedkar Nagar 176th Lane, Dr. Ambedkar Nagar 178th Lane, Dr. Ambedkar Nagar 175th Lane, Dr. Ambedkar Nagar 179th Lane, Dr. Ambedkar Nagar 174th Lane, and Dr. Ambedkar Nagar 17th Cross Street.

What is the registration fee for properties in Dr. Ambedkar Nagar 177th Lane?

The registration fee for properties in Dr. Ambedkar Nagar 177th Lane is calculated based on the guideline value. For example, a property valued at Rs 33,00,000 would incur a registration fee of Rs 66,000 at 2%.

Where can I find the Sub Registrar Office for Dr. Ambedkar Nagar 177th Lane?

The Sub Registrar Office for Dr. Ambedkar Nagar 177th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.