Guideline Value for TNHB 100th Lane

TNHB 100th Lane guideline value

The current guideline value of TNHB 100th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of TNHB 100th Lane has changed

The guideline value of TNHB 100th Lane has seen significant changes over the years. In the 2007 revision, the value was Rs 1,500 per sq.ft. This figure increased to Rs 4,000 per sq.ft in the 2023 revision, marking a substantial rise of 167%. The most recent revision in 2024 saw the guideline value further increase to Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%.

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 is Rs 4,400 per sq.ft, which is equal to the current figure for TNHB 100th Lane.

• TNHB 101st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 10th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 10th Street: Rs 4,950 per sq.ft (2024)
• TNHB 11th Lane: Rs 4,950 per sq.ft (2024)
• TNHB 11th Street: Rs 4,950 per sq.ft (2024)
• TNHB 12th Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 100th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB 100th Lane?

The TNHB 100th Lane is covered by 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 in property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. The guideline value reflects the official valuation of the property and is intended to standardize property valuations across the region.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of TNHB 100th Lane?

The current guideline value of TNHB 100th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 193%.

What is the stamp duty for property in TNHB 100th Lane?

The stamp duty for property in TNHB 100th Lane is calculated at 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Where can I find the Sub Registrar Office for TNHB 100th Lane?

The Velacheri Sub Registrar Office covers TNHB 100th Lane and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for TNHB 100th Lane?

TNHB 100th Lane falls under the Residential Class II Type - II land classification.