Guideline Value

Corporate

Guideline Value for Dhandeeswaram 11th Main Road

₹4950/sq.ft.

The guideline value for Dhandeeswaram 11th Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹495 /sq.ft.
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 Dhandeeswaram 11th Main Road

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Dhandeeswaram 11th Main Road guideline value

The current guideline value of Dhandeeswaram 11th Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dhandeeswaram 11th Main Road has changed

The guideline value for Dhandeeswaram 11th Main Road has seen several revisions over the years. In 2003, the value was Rs 495 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2007, marking a change of +344%. The value remained at Rs 4,500 per sq.ft in both 2012 and 2023, indicating no change during that period. With the latest revision in 2024, the guideline value increased to Rs 4,950 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +900%. Notably, there are no figures available for the revisions in 2002 and 2017 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Dhandeeswaram 11th Main Road above this median.

Stamp duty and registration fee for property in Dhandeeswaram 11th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, resulting in a total of Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhandeeswaram 11th Main Road?

The Sub Registrar Office that covers Dhandeeswaram 11th Main 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 is a crucial factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on an officially recognized value.

When buying or selling property, it is essential to be aware of the guideline value to avoid any discrepancies during the registration process. This ensures that both buyers and sellers are informed about the financial implications associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 11th Main Road?

The current guideline value of Dhandeeswaram 11th Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, marking an overall increase of +900% over this period.

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

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500, and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Dhandeeswaram 11th Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which is below the current guideline value of Dhandeeswaram 11th Main Road.