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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 18th Cross Street

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 18th Cross Street 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 N/A
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 18th Cross Street

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Dr. Ambedkar Nagar 18th Cross Street guideline value

The current guideline value of Dr. Ambedkar Nagar 18th Cross Street 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 18th Cross Street has changed

Over the years, the guideline value for Dr. Ambedkar Nagar 18th Cross Street has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 1,500 per sq.ft. This value increased significantly to Rs 3,000 per sq.ft in both 2012 and 2023. The most recent revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Notably, there are revisions for the years 2002, 2003, and 2017 that do not have figures listed for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 120%.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, indicating that the guideline value of Dr. Ambedkar Nagar 18th Cross Street is below the median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 18th Cross Street

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, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 18th Cross Street?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 18th Cross Street 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 serves as a reference point for determining the minimum value of a property during the registration process. When buying or selling property, the guideline value is often used to calculate the stamp duty and registration fees, ensuring that these fees reflect the property's value.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. The registration office uses this value to ensure compliance with legal requirements during property transfers.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 18th Cross Street?

The current guideline value of Dr. Ambedkar Nagar 18th Cross Street 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, representing an overall increase of 120%.

What are the stamp duty and registration fees for a property here?

The total stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Dr. Ambedkar Nagar 18th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for this street?

Dr. Ambedkar Nagar 18th Cross Street is classified as Residential Class III Type - I.