Guideline Value for TNHB 90th Lane

TNHB 90th Lane guideline value

The current guideline value of TNHB 90th 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 90th Lane has changed

Over the years, the guideline value of TNHB 90th Lane has seen significant changes. The 2007 revision recorded a value of Rs 1,500 per sq.ft, which increased to Rs 2,680 per sq.ft in the 2017 revision, marking a change of +79%. The most recent 2024 revision shows a guideline value of Rs 4,400 per sq.ft, reflecting an increase of +64% from 2017.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +193%. It is important to note that the register has no figures for the years 2002, 2003, 2012, and 2023 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 of TNHB 90th Lane.

• TNHB 8th Street: Rs 4,950 per sq.ft (2024)
• TNHB 91st Lane: Rs 4,400 per sq.ft (2024)
• TNHB 8th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 92nd Lane: Rs 4,400 per sq.ft (2024)
• TNHB 89th Lane: Rs 4,400 per sq.ft (2024)
• TNHB 93rd Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in TNHB 90th 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 to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers TNHB 90th Lane?

The TNHB 90th Lane falls under the jurisdiction of 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 plays a crucial role during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

Buyers and sellers should be aware that the guideline value is updated periodically, and it is essential to check the latest figures before proceeding with any transaction. This ensures compliance with legal requirements and helps in accurately estimating the costs involved in the property transaction.

Frequently asked questions

What is the current guideline value of TNHB 90th Lane?

The current guideline value of TNHB 90th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 1,500 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of +193%.

What are the registration fees for property in TNHB 90th Lane?

The registration fee for property in TNHB 90th Lane is 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Which office handles registrations for TNHB 90th Lane?

The Velacheri Sub Registrar Office handles registrations for TNHB 90th Lane, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revision for TNHB 90th Lane occurring in 2024. Other years without figures for this street include 2002, 2003, 2012, and 2023.