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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 4th Lane

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 4th 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 4th Lane

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Dr. Ambedkar Nagar 4th Lane guideline value

The current guideline value of Dr. Ambedkar Nagar 4th 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 4th Lane has changed

The guideline value for Dr. Ambedkar Nagar 4th Lane has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, there was a decrease to Rs 2,010 per sq.ft in 2017. The value then rose significantly to Rs 3,000 per sq.ft in 2023 and further increased to Rs 3,300 per sq.ft in 2024, marking a 10% rise from the previous year.

Between the revisions, the most notable change occurred from 2017 to 2023, where the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 120%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which means Dr. Ambedkar Nagar 4th Lane's guideline value is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 4th 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, while the registration fee at 2% would be Rs 66,000, bringing the total to 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 4th Lane?

The Dr. Ambedkar Nagar 4th Lane falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Velachery, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs associated with property transactions. This value is regularly updated, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 4th Lane?

The current guideline value of Dr. Ambedkar Nagar 4th 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, marking an overall increase of 120% over the years.

What is the stamp duty rate for properties in Dr. Ambedkar Nagar 4th Lane?

The stamp duty for properties in Dr. Ambedkar Nagar 4th Lane is charged at a rate of 7% on the higher of the guideline value or the sale price.

Which Sub Registrar Office serves Dr. Ambedkar Nagar 4th Lane?

The Velacheri Sub Registrar Office serves Dr. Ambedkar Nagar 4th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, while Dr. Ambedkar Nagar 4th Lane's guideline value is below this median at Rs 3,300 per sq.ft.