Guideline Value

Corporate

Guideline Value for Dhandeeswaram 12th Main Road

₹4950/sq.ft.

The guideline value for Dhandeeswaram 12th 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 12th Main Road

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Dhandeeswaram 12th Main Road guideline value

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

How the guideline value of Dhandeeswaram 12th Main Road has changed

Over the years, the guideline value of Dhandeeswaram 12th Main Road has seen significant changes. The earliest recorded revision was in 2003, with a guideline value of Rs 495 per sq.ft. This figure increased to Rs 2,200 per sq.ft in 2007, marking a substantial rise of 344%. The value remained unchanged at Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw the guideline value increase to Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2017 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 900%.

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. The guideline value of Dhandeeswaram 12th Main Road is above this median.

Stamp duty and registration fee for property in Dhandeeswaram 12th 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, bringing the total cost to Rs 4,45,500. It is important to note that the 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 Main Road?

The Sub Registrar Office that covers Dhandeeswaram 12th 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 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 that need to be paid during the transaction.

When registering a property, the guideline value is compared against the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 12th Main Road?

The current guideline value of Dhandeeswaram 12th 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 changed significantly 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 is the land classification for Dhandeeswaram 12th Main Road?

Dhandeeswaram 12th Main Road is classified as Residential Class II Type - I.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total cost would be Rs 4,45,500.

Which office handles registrations for Dhandeeswaram 12th Main Road?

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