Guideline Value

Corporate

Guideline Value for Dhandeeswaram 1st Cross Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram 1st 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 ₹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 1st Cross Street

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Dhandeeswaram 1st Cross Street guideline value

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

The guideline value for Dhandeeswaram 1st Cross Street has seen several revisions since 2003. In 2003, the guideline value was Rs 495 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2007, marking a change of +344%. This value remained unchanged at Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the guideline value to Rs 4,950 per sq.ft, reflecting a +10% increase from the previous year.

There are no figures available for the revisions in 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 for Dhandeeswaram 1st Cross Street is above this median.

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

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, calculated at 7%, would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, bringing the total fees to Rs 4,45,500. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dhandeeswaram 1st Cross Street?

The Sub Registrar Office that covers Dhandeeswaram 1st 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 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, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is important for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Proper understanding of this value can help in making informed decisions during property dealings.

Frequently asked questions

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

The current guideline value of Dhandeeswaram 1st 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 increased from Rs 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +900% over the years.

What is the land classification for Dhandeeswaram 1st Cross Street?

Dhandeeswaram 1st Cross Street is classified as Residential Class II Type - I.

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 office handles registrations for properties in Dhandeeswaram 1st Cross Street?

The Velacheri Sub Registrar Office is responsible for handling registrations for properties in Dhandeeswaram 1st Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.