Guideline Value for TNHB 30th Lane

TNHB 30th Lane guideline value

The current guideline value of TNHB 30th 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 30th Lane has changed

The guideline value for TNHB 30th Lane has undergone several revisions since 2007. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 167% increase. However, the value dropped to Rs 2,680 per sq.ft in the 2017 revision, a decrease of 33%. The most recent revision in 2024 has raised the guideline value to Rs 4,400 per sq.ft, reflecting a 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2023 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%.

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 equal to the current guideline value of TNHB 30th Lane.

• TNHB 2nd Street: Rs 4,950 per sq.ft (2024)
• TNHB 31st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 2nd Main Road: Rs 5,500 per sq.ft (2024)
• TNHB 32nd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 2nd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 33rd Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 30th 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, making the total cost for these fees Rs 3,96,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers TNHB 30th Lane?

The Sub Registrar Office that covers TNHB 30th Lane is 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, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of TNHB 30th Lane?

The current guideline value of TNHB 30th 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 significantly, from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the land classification of TNHB 30th Lane?

TNHB 30th Lane is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for TNHB 30th Lane?

The Sub Registrar Office for TNHB 30th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in TNHB 30th Lane?

Stamp duty for properties in TNHB 30th Lane is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.