Guideline Value for TNHB 84th Lane

TNHB 84th Lane guideline value

The current guideline value of TNHB 84th 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 84th Lane has changed

The guideline value for TNHB 84th Lane has undergone 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 rise of 167%. However, the value then dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 shows a substantial increase to Rs 4,400 per sq.ft, which represents a 64% rise from the 2017 figure.

There are no recorded figures for TNHB 84th Lane in the years 2023, 2003, and 2002. Overall, from the 2007 revision to the 2024 revision, 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 guideline value of TNHB 84th Lane.

• TNHB 83rd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 85th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 82nd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 86th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 81st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 87th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 84th 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, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB 84th Lane?

TNHB 84th Lane falls under 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 registering property in Velachery. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, the guideline value helps to standardize transactions and provide transparency in the real estate market. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of TNHB 84th Lane?

The current guideline value of TNHB 84th 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 are the other streets with the same guideline value in Velachery?

Other streets in Velachery with the same guideline value of Rs 4,400 per sq.ft include TNHB 83rd Lane, TNHB 85th Lane, TNHB 82nd Lane, TNHB 86th Lane, TNHB 81st Lane, and TNHB 87th Cross Street.

What is the stamp duty rate for property in TNHB 84th Lane?

The stamp duty rate for property in TNHB 84th Lane is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for TNHB 84th Lane?

The Velacheri Sub Registrar Office handles registrations for TNHB 84th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.