Guideline Value for TNHB 82nd Lane

TNHB 82nd Lane guideline value

The current guideline value of TNHB 82nd 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 falls under the Residential Class II Type - II land classification.

How the guideline value of TNHB 82nd Lane has changed

In the 2007 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure saw a significant increase in the 2012 revision, remaining at Rs 4,000 per sq.ft. Between 2012 and 2023, there was no change, with the 2023 revision also reflecting Rs 4,000 per sq.ft. The latest revision in 2024 has increased the guideline value to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 193%. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Velachery

In Velachery village, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which aligns with the current guideline value of TNHB 82nd Lane.

• TNHB 81st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 83rd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 80th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 84th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 7th Street: Rs 4,950 per sq.ft (2024)
• TNHB 85th Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 82nd 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, while the registration fee at 2% would be Rs 88,000, bringing the total fees 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.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB 82nd Lane?

The TNHB 82nd Lane is covered by 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

When buying or selling property in Velachery, the guideline value is a critical reference point for determining the stamp duty and registration fees applicable to the transaction. This value is set by the government and is used to ensure that the property is registered at a value that reflects its worth in the market.

At the time of registration, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of TNHB 82nd Lane?

The current guideline value of TNHB 82nd 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 is the land classification for TNHB 82nd Lane?

TNHB 82nd Lane falls under the Residential Class II Type - II land classification.

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 stamp duty calculated for properties in TNHB 82nd Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.