Guideline Value

Corporate

Guideline Value for TNHB 5th Lane

₹4950/sq.ft.

The guideline value for Tnhb 5th Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Tnhb 5th Lane

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TNHB 5th Lane guideline value

The current guideline value of TNHB 5th Lane is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, falling under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of TNHB 5th Lane has changed

Over the years, the guideline value of TNHB 5th Lane has seen several revisions. The 2012 revision set the value at Rs 4,500 per sq.ft, which was then reduced to Rs 3,015 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the latest 2024 revision has increased it further to Rs 4,950 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 10% in the guideline value.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, making TNHB 5th Lane's 2024 figure above that median.

Stamp duty and registration fee for property in TNHB 5th Lane

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 49,50,000. The stamp duty at 7% amounts to Rs 3,46,500, and the registration fee at 2% is Rs 99,000, totaling Rs 4,45,500. 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 5th Lane?

The TNHB 5th Lane falls under the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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 a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value as it impacts the overall cost of the transaction. It is essential to consult the latest guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of TNHB 5th Lane?

The current guideline value of TNHB 5th Lane is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 in 2012 to Rs 3,015 in 2017, then back to Rs 4,500 in 2023, and finally to Rs 4,950 in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification of TNHB 5th Lane?

TNHB 5th Lane is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in TNHB 5th Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value incurs a stamp duty of Rs 3,46,500.