Guideline Value for TNHB 19th Lane

TNHB 19th Lane guideline value

The current guideline value of TNHB 19th 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 falls under the Residential Class II Type - II land classification.

How the guideline value of TNHB 19th Lane has changed

Looking back at the revisions, the guideline value for TNHB 19th Lane was Rs 4,000 per sq.ft in the 2012 and 2023 revisions. There is no figure available for the years 2002, 2003, 2007, and 2017. The most recent revision in 2024 saw an increase to Rs 4,400 per sq.ft, marking a 10% rise from the previous figure of Rs 4,000 per sq.ft in 2023.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The consistency in the 2012 and 2023 revisions indicates that there was no change during that period.

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. TNHB 19th Lane's 2024 guideline value aligns perfectly with this median.

• TNHB 18th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 1st Avenue: Rs 6,050 per sq.ft (2024)
• TNHB 17th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 1st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 16th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 1st Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 19th Lane

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty is charged at 7%, which totals Rs 3,08,000, and the registration fee at 2% amounts to Rs 88,000. Together, the total cost for these fees would be Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers TNHB 19th Lane?

The TNHB 19th 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 details.

How the guideline value is used when you buy or sell in Velachery

When buying or selling property in Velachery, the guideline value plays a crucial role in determining the stamp duty and registration fees. It serves as a benchmark for the minimum value of the property, ensuring that the transaction is registered at a value that reflects the current market conditions.

At the time of registration, buyers and sellers must consider the guideline value to calculate the applicable fees. This value is essential for both parties to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of TNHB 19th Lane?

The current guideline value of TNHB 19th 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 for TNHB 19th Lane was Rs 4,000 per sq.ft in 2012 and 2023, and it increased to Rs 4,400 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2017.

What are the stamp duty and registration fees for TNHB 19th Lane?

The stamp duty for a property valued at Rs 44,00,000 would be Rs 3,08,000, and the registration fee would be Rs 88,000, making the total fees Rs 3,96,000.

Which Sub Registrar Office covers TNHB 19th Lane?

The Velacheri Sub Registrar Office covers TNHB 19th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the guideline value determined in Velachery?

The guideline value in Velachery is determined by the Registration Department's guideline value register, which considers various factors, including the location and classification of the land. It is updated periodically to reflect current market conditions.