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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 181st Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 181st 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 ₹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 181st Lane

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Dr. Ambedkar Nagar 181st Lane guideline value

The current guideline value of Dr. Ambedkar Nagar 181st Lane is Rs 3,300 per sq.ft as per the 2024 revision, 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 181st Lane has changed

The guideline value for Dr. Ambedkar Nagar 181st Lane has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,500 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, reflecting a 100% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. The value saw significant growth in the following years, rising to Rs 3,000 per sq.ft in 2023 and further to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 120%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have 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. Dr. Ambedkar Nagar 181st Lane's current guideline value is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 181st 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 fees 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 181st Lane?

The Sub Registrar Office covering Dr. Ambedkar Nagar 181st 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 a crucial factor when buying or selling property in Velachery. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers should be aware that the guideline value can influence the overall transaction costs, including stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the applicable fees and taxes. It is essential for both parties to understand the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 181st Lane?

The current guideline value of Dr. Ambedkar Nagar 181st 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 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 181st Lane?

Dr. Ambedkar Nagar 181st Lane is classified as Residential Class III Type - I.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Dr. Ambedkar Nagar 181st Lane?

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