Guideline Value

Corporate

Guideline Value for TNHB 91st Lane

₹4400/sq.ft.

The guideline value for Tnhb 91st Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Tnhb 91st Lane

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TNHB 91st Lane guideline value

The current guideline value of TNHB 91st Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of TNHB 91st Lane has changed

The guideline value for TNHB 91st Lane has undergone several revisions over the years. The oldest revision available 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 167% rise. However, the value dropped to Rs 2,680 per sq.ft in the 2017 revision, a decrease of 33%. The most recent revision in 2024 saw the guideline value rise again to Rs 4,400 per sq.ft, reflecting a 64% increase from 2017. The register has no figures for the years 2023, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%. This indicates significant fluctuations in the guideline value over the years, with the current figure aligning with the median value in Velachery.

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 guideline value is Rs 4,400 per sq.ft, which is the same as the current value for TNHB 91st Lane. Below are other streets in Velachery with their respective guideline values:

Stamp duty and registration fee for property in TNHB 91st 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. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB 91st Lane?

The TNHB 91st 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 any further queries.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It is the benchmark used to determine the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that all transactions are conducted transparently and in accordance with the established guidelines.

Frequently asked questions

What is the current guideline value for TNHB 91st Lane?

The current guideline value for TNHB 91st 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 significantly, from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 193%.

What are the other streets in Velachery with similar guideline values?

Other streets in Velachery with a guideline value of Rs 4,400 per sq.ft include TNHB 90th Lane, TNHB 92nd Lane, TNHB 93rd Lane, TNHB 8th Lane, and TNHB 94th Lane.

Where is the Velacheri Sub Registrar Office located?

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 91st Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For TNHB 91st Lane, the guideline value is Rs 4,400 per sq.ft, which is used to determine the stamp duty and registration fees.