Guideline Value

Corporate

Guideline Value for TNHB 75th Lane

₹4400/sq.ft.

The guideline value for Tnhb 75th Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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 75th Lane

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TNHB 75th Lane guideline value

The current guideline value of TNHB 75th 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 75th Lane has changed

Over the years, the guideline value of TNHB 75th Lane has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 167%. However, between 2012 and 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The latest revision in 2024 shows a substantial increase to Rs 4,400 per sq.ft, which is a 64% rise from the 2017 figure. Notably, there are no figures available for the years 2023, 2003, and 2002 for this street.

From the overall perspective, the guideline value has increased by 193% from Rs 1,500 per sq.ft in 2007 to the current Rs 4,400 per sq.ft in 2024. This reflects the fluctuations and adjustments made over the years based on various factors affecting the real estate market.

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 for these streets is Rs 4,400 per sq.ft, which is the same as the current value for TNHB 75th Lane.

Stamp duty and registration fee for property in TNHB 75th 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 for these fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB 75th Lane?

The TNHB 75th 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 plays a crucial role in the property registration process in Velachery. When a property is bought or sold, the guideline value is used as a basis for calculating the stamp duty and registration fees. This ensures that the fees are aligned with the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the transaction. Proper understanding of this value can help in making informed decisions when engaging in property transactions.

Frequently asked questions

What is the current guideline value for TNHB 75th Lane?

The current guideline value for TNHB 75th 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 several times, starting from Rs 1,500 per sq.ft in 2007, rising to Rs 4,000 in 2012, dropping to Rs 2,680 in 2017, and finally reaching Rs 4,400 in 2024.

What are the stamp duty and registration fees for TNHB 75th Lane?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers TNHB 75th Lane?

TNHB 75th Lane is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as an official valuation that ensures the fees are based on the property's worth.