Guideline Value for TNHB 18th Lane

TNHB 18th Lane guideline value

The current guideline value of TNHB 18th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of TNHB 18th Lane has changed

The guideline value for TNHB 18th Lane has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. In 2023, the value increased to Rs 4,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 4,400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 is an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values 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 value of TNHB 18th Lane.

• TNHB 17th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 19th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 16th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 1st Avenue: Rs 6,050 per sq.ft (2024)
• TNHB 15th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 1st Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 18th 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. The total cost for stamp duty and registration would be Rs 3,96,000. 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 18th Lane?

The Sub Registrar Office that covers TNHB 18th Lane is 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 plays a crucial role in the registration process when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. It is important for 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 18th Lane?

The current guideline value of TNHB 18th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for TNHB 18th Lane?

TNHB 18th Lane is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in TNHB 18th Lane?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which office handles the registration for TNHB 18th Lane?

The Velacheri Sub Registrar Office handles the registration for TNHB 18th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.