Guideline Value

Corporate

Guideline Value for Dhandeeswaram 1st Main Avenue

₹4950/sq.ft.

The guideline value for Dhandeeswaram 1st Main Avenue 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 ₹3015 /sq.ft.
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 Main Avenue

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Dhandeeswaram 1st Main Avenue guideline value

The current guideline value of Dhandeeswaram 1st Main Avenue 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 1st Main Avenue has changed

The guideline value for Dhandeeswaram 1st Main Avenue has seen several revisions over the years. In 2007, the value was Rs 2,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 105% rise. However, from 2012 to 2017, the value dropped to Rs 3,015 per sq.ft, a decline of 33%. The subsequent revision in 2017 brought the value up to Rs 4,500 per sq.ft in 2023, which was a substantial increase of 49%. Finally, the current revision in 2024 set the guideline value at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 125%.

Guideline values in Velachery

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

Stamp duty and registration fee for property in Dhandeeswaram 1st Main Avenue

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% amounts to Rs 3,46,500, while the registration fee at 2% is Rs 99,000, making the total cost 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 1st Main Avenue?

The Dhandeeswaram 1st Main Avenue falls under 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 when it comes to the registration of property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 1st Main Avenue?

The current guideline value of Dhandeeswaram 1st Main Avenue 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 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 125% over the years.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost amounts to Rs 4,45,500.

Which office handles the registration for Dhandeeswaram 1st Main Avenue?

The Velacheri Sub Registrar Office handles the registration for Dhandeeswaram 1st Main Avenue, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, with Dhandeeswaram 1st Main Avenue's current value being above this median.