Guideline Value for TNHB 83rd Lane

TNHB 83rd Lane guideline value

The current guideline value of TNHB 83rd 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 83rd Lane has changed

The guideline value for TNHB 83rd Lane has seen several revisions over the years. The earliest recorded figure 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 growth of 167%. However, the value decreased to Rs 2,680 per sq.ft in 2017, 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 rise of 64% from the 2017 figure.

It is important to note that the guideline value register has no figures 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 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 value is Rs 4,400 per sq.ft, which is equal to the current guideline value of TNHB 83rd Lane.

• TNHB 82nd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 84th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 81st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 85th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 80th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 86th Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 83rd 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, bringing the total cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers TNHB 83rd Lane?

The Sub Registrar Office that covers TNHB 83rd 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, buyers should be aware that the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations.

Frequently asked questions

What is the current guideline value of TNHB 83rd Lane?

The current guideline value of TNHB 83rd 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, marking an overall increase of 193% over the years.

What are the stamp duty and registration fees for TNHB 83rd Lane?

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

Which office handles registrations for TNHB 83rd Lane?

The Velacheri Sub Registrar Office handles registrations for TNHB 83rd Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for TNHB 83rd Lane?

TNHB 83rd Lane is classified as Residential Class II Type - II, indicating its intended use for residential purposes.