Guideline Value for TNHB 49th Lane

TNHB 49th Lane guideline value

The current guideline value of TNHB 49th 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 49th Lane has changed

The guideline value of TNHB 49th Lane has seen significant changes over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a rise of 167%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a substantial increase of 64% from 2017.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for TNHB 49th 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 matches the current value for TNHB 49th Lane.

• TNHB 48th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 4th Avenue: Rs 6,050 per sq.ft (2024)
• TNHB 47th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 4th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 46th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 4th Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 49th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost 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 49th Lane?

The TNHB 49th 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 additional assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Velachery. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded accurately.

Buyers and sellers must be aware that the guideline value may differ from the actual sale price. The stamp duty is charged based on the higher of the two values, which means that understanding the guideline value is essential for calculating the total costs involved in a property transaction.

Frequently asked questions

What is the current guideline value of TNHB 49th Lane?

The current guideline value of TNHB 49th 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, reflecting an overall increase of 193% during this period.

What is the land classification for TNHB 49th Lane?

TNHB 49th Lane falls under the Residential Class II Type - II land classification.

Where can I find the registration office for TNHB 49th Lane?

The registration office for TNHB 49th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in TNHB 49th Lane?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the stamp duty would be Rs 3,08,000.