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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 1st Cross Street West

₹4950/sq.ft.

The guideline value for Dhandeeswaram 1st Cross Street West 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 N/A
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 1st Cross Street West

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Dhandeeswaram 1st Cross Street West guideline value

The current guideline value of Dhandeeswaram 1st Cross Street West 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 1st Cross Street West has changed

Over the years, the guideline value for Dhandeeswaram 1st Cross Street West has seen several revisions. The 2007 revision set the value at Rs 2,200 per sq.ft. This figure remained until the 2012 revision, which also recorded Rs 4,500 per sq.ft. The same value persisted until the 2023 revision, which again confirmed Rs 4,500 per sq.ft. The most recent revision in 2024 increased the value to Rs 4,950 per sq.ft, marking a 10% increase from 2023.

From the 2007 revision to the 2024 revision, there has been an overall increase of 125%. The 2012 to 2023 revision showed no change in the guideline value, while the jump from 2007 to 2012 was significant at 105%. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Dhandeeswaram 1st Cross Street West's 2024 figure above the median.

Stamp duty and registration fee for property in Dhandeeswaram 1st Cross Street West

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, while the registration fee at 2% would amount to Rs 99,000. Together, these fees total 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 1st Cross Street West?

The Dhandeeswaram 1st Cross Street West falls under the jurisdiction of 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 critical factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value of properties during registration. Buyers and sellers must be aware that the guideline value influences the calculation of stamp duty and registration fees.

When registering a property, the guideline value is used to assess the applicable fees, ensuring that both parties are informed of the financial obligations associated with the transaction. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 1st Cross Street West?

The current guideline value of Dhandeeswaram 1st Cross Street West 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 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 125%.

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 1st Cross Street West's value being above this median.

What are the stamp duty and registration fees for properties 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 office handles the registration for Dhandeeswaram 1st Cross Street West?

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