Guideline Value for TNHB 11th Lane

TNHB 11th Lane guideline value

The current guideline value of TNHB 11th Lane, located in Velachery village, is Rs 4,950 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification. The street is registered with the Velacheri SRO.

How the guideline value of TNHB 11th Lane has changed

Since 2007, the guideline value of TNHB 11th Lane has seen significant increases. The 2007 revision set the value at Rs 1,500 per sq.ft, which rose to Rs 4,500 per sq.ft in the 2023 revision, marking a 200% increase over this period. The latest revision in 2024 has further increased the value to Rs 4,950 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2012, and 2017 for this street.

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, with a median value of Rs 4,400 per sq.ft. The guideline value for TNHB 11th Lane is above this median.

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

Stamp duty and registration fee for property in TNHB 11th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees together to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers TNHB 11th Lane?

The TNHB 11th Lane falls under 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 the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the relevant duties and fees. This ensures that all transactions are fairly assessed based on the established values.

Frequently asked questions

What is the current guideline value for TNHB 11th Lane?

The current guideline value for TNHB 11th Lane is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 230%, rising from Rs 1,500 per sq.ft to Rs 4,950 per sq.ft as of 2024.

What is the registration fee for a property in TNHB 11th Lane?

The registration fee for a property in TNHB 11th Lane is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for TNHB 11th Lane?

The Sub Registrar Office for TNHB 11th Lane is 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 in Velachery is Rs 4,400 per sq.ft, with TNHB 11th Lane's value being above this median.