Guideline Value for TNHB 76th Lane

TNHB 76th Lane guideline value

The current guideline value of TNHB 76th 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 76th Lane has changed

The guideline value for TNHB 76th Lane has undergone several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 167% rise. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 shows a substantial increase to Rs 4,400 per sq.ft, which is a 64% rise from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that have a guideline value for 2024, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for TNHB 76th Lane. Below are other streets in Velachery with their respective 2024 guideline values:

• TNHB 75th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 77th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 74th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 78th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 73rd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 79th Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 76th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers TNHB 76th Lane?

The Sub Registrar Office that covers TNHB 76th Lane is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning during the property transaction process.

When registering a property, the guideline value serves as a benchmark for calculating the fees. It is essential for both parties to understand that the stamp duty is based on the higher of the guideline value or the sale price, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of TNHB 76th Lane?

The current guideline value of TNHB 76th 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 the years.

What is the land classification for TNHB 76th Lane?

TNHB 76th Lane is classified as Residential Class II Type - II.

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 property in TNHB 76th Lane?

The stamp duty for property in TNHB 76th Lane is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000 based on the current guideline value.