Guideline Value

Corporate

Guideline Value for Dhandeeswaram 13th Main Road

₹4950/sq.ft.

The guideline value for Dhandeeswaram 13th 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 13th Main Road

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Dhandeeswaram 13th Main Road guideline value

The current guideline value of Dhandeeswaram 13th 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 13th Main Road has changed

The guideline value for Dhandeeswaram 13th Main Road has undergone several revisions over the years. The earliest recorded revision was in 2003, where the guideline value was Rs 495 per sq.ft. This figure saw a significant increase to Rs 2,200 per sq.ft in 2007, marking a change of +344%. The value remained at Rs 4,500 per sq.ft from 2012 until the 2023 revision, showing no change during that period.

In 2023, the guideline value was revised to Rs 4,500 per sq.ft, and then increased by +10% to Rs 4,950 per sq.ft in the 2024 revision. 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. The median guideline value in this area is Rs 4,400 per sq.ft, placing the Dhandeeswaram 13th Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Dhandeeswaram 13th 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 amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost for these fees Rs 4,45,500. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property.

Which Sub Registrar Office covers Dhandeeswaram 13th Main Road?

The Sub Registrar Office covering Dhandeeswaram 13th 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 further assistance.

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 to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 13th Main Road?

The current guideline value of Dhandeeswaram 13th 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 from Rs 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +900% over this period.

What is the median guideline value in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, with Dhandeeswaram 13th Main Road's value being above this median.

What are the stamp duty and registration fees for properties on Dhandeeswaram 13th Main Road?

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 office should I visit for property registration in Dhandeeswaram 13th Main Road?

The Velacheri Sub Registrar Office is responsible for property registration in Dhandeeswaram 13th Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.