Guideline Value for TNHB 87th Lane

TNHB 87th Lane guideline value

The current guideline value for TNHB 87th 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 87th Lane has changed

The guideline value for TNHB 87th Lane has seen significant changes over the years. In the 2007 revision, the value was set at Rs 1,500 per sq.ft. This increased to Rs 2,680 per sq.ft in the 2017 revision, marking a change of +79%. The most recent revision in 2024 raised the value to Rs 4,400 per sq.ft, which is an increase of +64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has risen by +193%.

It is important to note that there are no figures available for the years 2023, 2012, 2003, and 2002 for this street.

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 for these streets is Rs 4,400 per sq.ft, which is equal to the guideline value for TNHB 87th Lane.

• TNHB 87th Cross Street: Rs 4,400 per sq.ft (2024)
• TNHB 88th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 86th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 89th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 85th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 8th Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 87th 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 cost together 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers TNHB 87th Lane?

The TNHB 87th 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 in the registration process of property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, which is essential for both the buyer and seller. It is advisable to check the current guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value for TNHB 87th Lane?

The current guideline value for TNHB 87th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much 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 this period.

What are the stamp duty and registration fees for TNHB 87th Lane?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 44,00,000, with a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers TNHB 87th Lane?

The Velacheri Sub Registrar Office covers TNHB 87th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Where can I find more information about guideline values in Velachery?

For more information about guideline values in Velachery, you can refer to the Registration Department's guideline value register (TNReginet) or check the specific streets listed under the Velacheri SRO.