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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 200th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 200th 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 N/A
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 200th Lane

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Dr. Ambedkar Nagar 200th Lane guideline value

The current guideline value of Dr. Ambedkar Nagar 200th 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 200th Lane has changed

In the 2012 revision, the guideline value for Dr. Ambedkar Nagar 200th Lane was Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a change of +10% from the previous year. Overall, from 2012 to 2024, there has been a +10% increase in the guideline value.

The register has no figures for the revisions in the years 2002, 2003, 2007, and 2017. Therefore, the only relevant revisions are from 2012, 2023, and 2024.

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 in this area is Rs 4,400 per sq.ft, placing Dr. Ambedkar Nagar 200th Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 200th 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, charged at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 200th Lane?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 200th 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 details.

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

When buying or selling property in Velachery, the guideline value is an essential factor during the registration process. It is used to determine the stamp duty and registration fees applicable to the transaction.

The guideline value serves as a benchmark for property transactions, ensuring that the fees collected are based on an established value rather than fluctuating market prices. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 200th Lane?

The current guideline value of Dr. Ambedkar Nagar 200th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen a +10% increase overall by 2024. The value was Rs 3,000 per sq.ft in 2012 and remained unchanged until 2023, when it was revised to Rs 3,300 per sq.ft in 2024.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft. Dr. Ambedkar Nagar 200th Lane's 2024 figure is below this median.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Dr. Ambedkar Nagar 200th Lane is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Velachery?

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