Guideline Value for TNHB 10th Lane

TNHB 10th Lane guideline value

The current guideline value of TNHB 10th Lane, located in Velachery village under the Velacheri SRO, is Rs 4,400 per sq.ft as per the 2024 revision effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of TNHB 10th Lane has changed

The guideline value for TNHB 10th Lane has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 1,500 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in the 2023 revision, marking a change of 167%. The most recent revision in 2024 saw a further increase to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 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 value for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of TNHB 10th Lane.

• TNHB 101st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 10th Street: Rs 4,950 per sq.ft (2024)
• TNHB 100th Lane: Rs 4,400 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 10th 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 cost for these fees to Rs 3,96,000. It is important to note that 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 TNHB 10th Lane?

The TNHB 10th Lane falls under the jurisdiction of 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

The guideline value is a critical factor during 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 government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of TNHB 10th Lane?

The current guideline value of TNHB 10th Lane is Rs 4,400 per sq.ft as per the 2024 revision 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 the years.

What are the stamp duty and registration fees for property in TNHB 10th Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000. The stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers TNHB 10th Lane?

The TNHB 10th Lane is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What land classification does TNHB 10th Lane fall under?

TNHB 10th Lane falls under the Residential Class II Type - II land classification.