Guideline Value

Corporate

Guideline Value for TNHB 23rd Lane

₹4400/sq.ft.

The guideline value for Tnhb 23rd Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Tnhb 23rd Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

TNHB 23rd Lane guideline value

The current guideline value of TNHB 23rd 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 it falls under the Residential Class II Type - II land classification.

How the guideline value of TNHB 23rd Lane has changed

Over the years, the guideline value for TNHB 23rd Lane has seen significant changes. The 2007 revision recorded a value of Rs 1,500 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017, marking a change of 79%. The 2023 revision then set the value at Rs 4,000 per sq.ft, a substantial increase of 49% from the previous revision. The latest revision in 2024 has further raised the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from 2023. The register has no figures for the years 2002, 2003, and 2012 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 193%, showcasing the changes in property valuation over the years.

Guideline values in Velachery

In Velachery village, 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 guideline value of TNHB 23rd Lane for 2024.

Stamp duty and registration fee for property in TNHB 23rd 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 fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB 23rd Lane?

The TNHB 23rd 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

The guideline value plays a crucial role during property transactions in Velachery. It is the minimum value set by the government for properties in a specific area, ensuring that the property is registered at a value that reflects the market conditions. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

During the registration process, the guideline value helps in determining the legal and financial obligations associated with the property transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any legal complications.

Frequently asked questions

What is the current guideline value of TNHB 23rd Lane?

The current guideline value of TNHB 23rd Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 193% over this period.

What are the stamp duty and registration fees for a property in TNHB 23rd Lane?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,96,000, which includes Rs 3,08,000 for stamp duty and Rs 88,000 for registration fees.

Which Sub Registrar Office handles registrations for TNHB 23rd Lane?

The Velacheri Sub Registrar Office handles registrations for TNHB 23rd Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value when buying property?

The guideline value is essential as it establishes the minimum price for property registration, affecting the stamp duty and registration fees payable during a transaction. It ensures that properties are registered at a value that reflects the prevailing market conditions.