Guideline Value for TNHB 26th Lane

TNHB 26th Lane guideline value

The current guideline value for TNHB 26th 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 is classified as Residential Class II Type - II.

How the guideline value of TNHB 26th Lane has changed

The guideline value for TNHB 26th Lane has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017, marking a significant rise of 79%. The 2023 revision set the value at Rs 4,000 per sq.ft, reflecting a 49% increase from the previous figure. The most recent revision in 2024 has raised the guideline value to Rs 4,400 per sq.ft, which is a 10% increase from 2023. There are no figures available for the years 2002, 2003, and 2012 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 193%, highlighting the substantial growth in the value of properties in this area over the years.

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 value is Rs 4,400 per sq.ft, which is the same as the current guideline value for TNHB 26th Lane.

• TNHB 25th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 27th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 24th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 28th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 23rd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 29th Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 26th 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 to 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers TNHB 26th Lane?

The TNHB 26th Lane falls under 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 is a crucial aspect of property transactions in Velachery, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are in compliance with state regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of property transactions. Ensuring that the property is registered at or above the guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value for TNHB 26th Lane?

The current guideline value for TNHB 26th 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 increased from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 193% over the years.

What are the stamp duty and registration fees for properties in TNHB 26th Lane?

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

Which Sub Registrar Office covers TNHB 26th Lane?

The TNHB 26th Lane is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for TNHB 26th Lane?

TNHB 26th Lane is classified as Residential Class II Type - II, indicating its suitability for residential development.