Guideline Value for Dhandapani Street Senguthar Street Opp Gandhi Road

Dhandapani Street Senguthar Street Opp Gandhi Road guideline value

The current guideline value of Dhandapani Street Senguthar Street Opp Gandhi Road 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 Dhandapani Street Senguthar Street Opp Gandhi Road has changed

Over the years, the guideline value for Dhandapani Street Senguthar Street Opp Gandhi Road has seen significant changes. The 2017 revision recorded a value of Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision further raised the value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current value of Dhandapani Street Senguthar Street Opp Gandhi Road.

• Dhandapani Street (Sengunthar Street Opp Gandhi Road): Rs 4,400 per sq.ft (2024)
• Dhandapani Street/Thandapani Street: Rs 4,400 per sq.ft (2024)
• Dhandeeswaram 10th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandapani Cross Street: Rs 3,850 per sq.ft (2024)
• Dhandeeswaram 10th Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 11th Main Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandapani Street Senguthar Street Opp Gandhi Road

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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandapani Street Senguthar Street Opp Gandhi Road?

The Sub Registrar Office that covers Dhandapani Street Senguthar Street Opp Gandhi Road 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 plays a crucial role in property transactions in Velachery. It is the minimum value set by the government for property registration, ensuring that the property is not sold for less than this value. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Dhandapani Street Senguthar Street Opp Gandhi Road?

The current guideline value of Dhandapani Street Senguthar Street Opp Gandhi Road 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 increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty at 7% is Rs 3,08,000, and the registration fee at 2% is Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office is responsible for Dhandapani Street Senguthar Street Opp Gandhi Road?

The Velacheri Sub Registrar Office is responsible for Dhandapani Street Senguthar Street Opp Gandhi Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the guideline value used in property transactions?

The guideline value is the minimum value set for property registration and is used to calculate stamp duty and registration fees. Buyers must pay duty based on the higher of the guideline value or the sale price during the registration process.