Guideline Value for TNHB 101st Lane

TNHB 101st Lane guideline value

The current guideline value of TNHB 101st 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 is classified as Residential Class II Type - II.

How the guideline value of TNHB 101st Lane has changed

The guideline value for TNHB 101st Lane has seen significant changes over the years. In the 2007 revision, the value was set at Rs 1,500 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a substantial rise of 167%. The latest revision in 2024 has further increased the value to Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values in 2024 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 is the same as the guideline value for TNHB 101st Lane.

• TNHB 100th 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 101st 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, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB 101st Lane?

The TNHB 101st Lane falls under 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 the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations associated with the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the property purchase.

Frequently asked questions

What is the current guideline value of TNHB 101st Lane?

The current guideline value of TNHB 101st 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% over this period.

What is the stamp duty for property in TNHB 101st Lane?

The stamp duty for property in TNHB 101st Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for TNHB 101st Lane located?

The Velacheri Sub Registrar Office, which covers TNHB 101st Lane, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the registration fees for property transactions?

The registration fee for property transactions in TNHB 101st Lane is 2% of the guideline value or sale price, whichever is higher.