Guideline Value for Dass Avenue Main Salai

Dass Avenue Main Salai guideline value

The current guideline value of Dass Avenue Main Salai 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 Dass Avenue Main Salai has changed

Over the years, the guideline value of Dass Avenue Main Salai has seen significant changes. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017. This marked a substantial increase of 79%. The 2023 revision raised the value further to Rs 4,000 per sq.ft, a 49% increase from the previous revision. The current 2024 revision has set the value at Rs 4,400 per sq.ft, reflecting a 10% rise from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Velachery

In Velachery, there are a total of 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 equal to the current value of Dass Avenue Main Salai.

• Dass Avenue/Annai Indira Nagar: Rs 4,400 per sq.ft (2024)
• Dass (Doss) Avenue: Rs 4,400 per sq.ft (2024)
• Dass Avenue: Rs 4,400 per sq.ft (2024)
• Datta Street (Sachidhanandham Street): Rs 3,850 per sq.ft (2024)
• CPT Road (I.T. Corridor): Rs 4,400 per sq.ft (2024)
• Devi Karumari Amman Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Dass Avenue Main Salai

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 the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dass Avenue Main Salai?

The Sub Registrar Office that covers Dass Avenue Main Salai 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 information.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When you buy or sell property, the guideline value helps in assessing the financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to understand their obligations regarding stamp duty and registration fees during the property transfer process.

Frequently asked questions

What is the current guideline value of Dass Avenue Main Salai?

The current guideline value of Dass Avenue Main Salai 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, increasing 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 with the same guideline value?

Other streets in Velachery with the same guideline value of Rs 4,400 per sq.ft include Dass Avenue/Annai Indira Nagar, Dass (Doss) Avenue, and CPT Road (I.T. Corridor).

What is the registration fee for property transactions?

The registration fee is calculated at 2% of the guideline value. For example, for a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where can I find the Sub Registrar Office for Dass Avenue Main Salai?

The Sub Registrar Office for Dass Avenue Main Salai is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.