Guideline Value for TNHB 4th Street

TNHB 4th Street guideline value

The current guideline value of TNHB 4th Street is Rs 4,950 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 - I.

How the guideline value of TNHB 4th Street has changed

The guideline value for TNHB 4th Street has seen significant revisions over the years. The latest revision in 2024 set the guideline value at Rs 4,950 per sq.ft, marking a 64% increase from the 2017 revision, which was Rs 3,015 per sq.ft. Notably, there are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the only revisions available for TNHB 4th Street are from 2017 and 2024, with the substantial increase highlighting the changes in the guideline value over this period.

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 in this area is Rs 4,400 per sq.ft, placing TNHB 4th Street's 2024 value above this median.

• TNHB 4th Main Road: Rs 5,500 per sq.ft (2024)
• TNHB 50th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 4th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 51st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 4th Avenue: Rs 6,050 per sq.ft (2024)
• TNHB 52nd Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers TNHB 4th Street?

The TNHB 4th Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit this link.

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 determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of TNHB 4th Street?

The current guideline value of TNHB 4th Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, rising from Rs 3,015 per sq.ft to Rs 4,950 per sq.ft in 2024.

Are there any years without a guideline value for TNHB 4th Street?

Yes, the register has no figures for TNHB 4th Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration fee for property transactions?

The registration fee for property transactions in TNHB 4th Street is 2% of the guideline value, which is applicable during the registration process.

Where can I find the Sub Registrar Office for TNHB 4th Street?

The Sub Registrar Office covering TNHB 4th Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.