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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 180th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 180th 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 180th Lane

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Dr. Ambedkar Nagar 180th Lane guideline value

The current guideline value for Dr. Ambedkar Nagar 180th 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 180th Lane has changed

The guideline value for Dr. Ambedkar Nagar 180th Lane has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 3,000 per sq.ft. In the 2017 revision, the value decreased to Rs 2,010 per sq.ft, marking a decline of 33%. However, the 2023 revision saw a significant increase to Rs 3,000 per sq.ft, and the current 2024 revision has further increased it to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The 2023 to 2024 change was an increase of 10%, while the change from 2017 to 2023 was a substantial increase of 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that carry a 2024 guideline value. The values range 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 180th Lane is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 180th 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, while the registration fee at 2% would be Rs 66,000. Together, the total cost would be 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 precise calculations.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 180th Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 180th 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 is an essential factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value of properties during registration. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable to the property.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's assessed value in the market.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 180th Lane?

The current guideline value for Dr. Ambedkar Nagar 180th 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 2023 to Rs 3,300 per sq.ft in 2024, an increase of 10%. The value was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Dr. Ambedkar Nagar 180th Lane?

Dr. Ambedkar Nagar 180th Lane is classified as Residential Class III Type - I. This classification indicates the type of development permitted in this area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Dr. Ambedkar Nagar 180th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the stamp duty rate applicable in this area?

The stamp duty rate applicable in this area is 7% on the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.