Guideline Value

Corporate

Guideline Value for Dhandeeswaram 12th Cross Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram 12th Cross Street 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 ₹517 /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 12th Cross Street

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Dhandeeswaram 12th Cross Street guideline value

The current guideline value of Dhandeeswaram 12th Cross Street is Rs 4,950 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 - I.

How the guideline value of Dhandeeswaram 12th Cross Street has changed

The guideline value for Dhandeeswaram 12th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 517 per sq.ft. This value increased significantly to Rs 2,200 per sq.ft in 2007, marking a change of +326%. The value remained at Rs 4,500 per sq.ft from 2012 until 2023, with no change during that period. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, reflecting a +10% increase from the previous year.

In summary, the guideline value has progressed from Rs 517 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, representing an overall increase of +857%. The years 2017 and 2002 do not have recorded figures for this street in the register.

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 for these streets is Rs 4,400 per sq.ft, placing Dhandeeswaram 12th Cross Street above this median.

Stamp duty and registration fee for property in Dhandeeswaram 12th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the 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, bringing the total to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 12th Cross Street?

The Sub Registrar Office that covers Dhandeeswaram 12th Cross Street 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is registered, the authorities will assess the guideline value and charge the applicable fees based on this value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 12th Cross Street?

The current guideline value of Dhandeeswaram 12th Cross Street 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 changed from Rs 517 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, with significant increases in various revisions, including a +10% increase from 2023 to 2024.

Which Sub Registrar Office covers this street?

The Velacheri Sub Registrar Office covers Dhandeeswaram 12th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for property here?

For a property valued at the current guideline value of 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.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for ensuring that the correct fees are paid based on the higher of the guideline value or the sale price.