Guideline Value for TNHB 6th Lane

TNHB 6th Lane guideline value

The current guideline value of TNHB 6th Lane in Velachery village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Velacheri SRO and is classified as Residential Class II Type - II.

How the guideline value of TNHB 6th Lane has changed

The guideline value for TNHB 6th Lane has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 167%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, which was a drop of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 saw the guideline value rise to Rs 4,400 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. 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 equal to the current figure for TNHB 6th Lane.

• TNHB 69th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 6th Street: Rs 4,950 per sq.ft (2024)
• TNHB 68th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 70th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 67th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 71st Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 6th Lane

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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 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 accurate calculations.

Which Sub Registrar Office covers TNHB 6th Lane?

The TNHB 6th Lane is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, 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, 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 applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of TNHB 6th Lane?

The current guideline value of TNHB 6th 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% over this period.

What are the stamp duty and registration fees for TNHB 6th Lane?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,96,000, which includes Rs 3,08,000 for stamp duty and Rs 88,000 for registration fees.

Which office handles registrations for TNHB 6th Lane?

The Velacheri Sub Registrar Office handles registrations for TNHB 6th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for TNHB 6th Lane?

TNHB 6th Lane is classified as Residential Class II Type - II, which indicates its suitability for residential development.