Guideline Value for TNHB 13th Lane

TNHB 13th Lane guideline value

The current guideline value of TNHB 13th Lane in Velachery village is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Velacheri SRO and is classified as Residential Class II Type - II.

How the guideline value of TNHB 13th Lane has changed

The guideline value for TNHB 13th Lane has seen significant changes over the years. The 2007 revision set the value at Rs 1,500 per sq.ft. By the 2023 revision, this value had increased to Rs 4,000 per sq.ft, marking a substantial rise of 167%. The most recent 2024 revision has further increased the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 193%. Notably, there are no figures available for the years 2002, 2003, 2012, and 2017 in the register 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. The median guideline value for these streets is Rs 4,400 per sq.ft, which is the same as the current value for TNHB 13th Lane.

• TNHB 12th Street: Rs 4,950 per sq.ft (2024)
• TNHB 13th Street: Rs 4,950 per sq.ft (2024)
• TNHB 12th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 13th Street (Alias) A.L. Mudali 2nd Street: Rs 3,850 per sq.ft (2024)
• TNHB 11th Street: Rs 4,950 per sq.ft (2024)
• TNHB 14th Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 13th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB 13th Lane?

The TNHB 13th 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 serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid.

Buyers and sellers should be aware that the guideline value can influence the overall transaction costs. It is advisable to check the latest guideline values before engaging in any property transactions to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of TNHB 13th Lane?

The current guideline value of TNHB 13th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

Where can I find the registration office for TNHB 13th Lane?

The registration office for TNHB 13th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the stamp duty rate for properties in TNHB 13th Lane?

The stamp duty rate for properties in TNHB 13th Lane is 7%, which is calculated on the higher of the guideline value or the sale price.

How can I calculate the registration fees for TNHB 13th Lane?

The registration fee for properties in TNHB 13th Lane is 2% of the guideline value. You can use the stamp duty and registration fee calculator for precise calculations.