Guideline Value for Dass Avenue

Dass Avenue guideline value

The current guideline value of Dass Avenue in Velachery village is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Velacheri SRO and is classified as Residential Class II Type - II.

How the guideline value of Dass Avenue has changed

The guideline value for Dass Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value by 10% to Rs 4,400 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

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, with a median value of Rs 4,400 per sq.ft. Dass Avenue's 2024 figure aligns with this median.

• Dass Avenue/Annai Indira Nagar: Rs 4,400 per sq.ft (2024)
• Dass Avenue Main Salai: Rs 4,400 per sq.ft (2024)
• Dass (Doss) 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

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 fees to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dass Avenue?

The Sub Registrar Office that covers Dass Avenue 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 in property transactions in Velachery, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property worth.

During the registration process, buyers must ensure that the sale price of the property meets or exceeds the guideline value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dass Avenue?

The current guideline value of Dass Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dass Avenue has increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty rates for properties in Dass Avenue?

The stamp duty for properties in Dass Avenue is charged at 7% of the guideline value or sale price, whichever is higher.

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.

What other streets in Velachery have the same guideline value as Dass Avenue?

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