Guideline Value for TNHB 36th Lane

TNHB 36th Lane guideline value

The current guideline value of TNHB 36th 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 36th Lane has changed

The guideline value for TNHB 36th Lane has seen several revisions over the years. The earliest recorded figure was Rs 1,500 per sq.ft in 2007. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a 167% rise. However, the value then dropped to Rs 2,680 per sq.ft in 2017, which was a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for TNHB 36th Lane. Overall, from 2007 to 2024, 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 guideline value is Rs 4,400 per sq.ft, which is the same as the current value for TNHB 36th Lane.

• TNHB 37th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 35th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 38th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 34th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 39th 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 36th Lane

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB 36th Lane?

The Sub Registrar Office covering TNHB 36th 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. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers must pay these fees based on the higher of the guideline value or the sale price of the property.

When registering a property, the guideline value ensures that the transaction is recorded at a value that reflects the local market conditions. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of TNHB 36th Lane?

The current guideline value of TNHB 36th 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 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various revisions in between. The most significant increase was from 2007 to 2012, where it rose by 167%.

What is the land classification for TNHB 36th Lane?

TNHB 36th 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 36th Lane?

The Velacheri Sub Registrar Office, which covers TNHB 36th Lane, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in TNHB 36th Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.