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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 2nd Avenue East

₹4950/sq.ft.

The guideline value for Dhandeeswaram 2nd Avenue East 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 2nd Avenue East

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Dhandeeswaram 2nd Avenue East guideline value

The current guideline value of Dhandeeswaram 2nd Avenue East is Rs 4,950 per sq.ft, effective from 1 July 2024. This property is located in Velachery village, under the Velacheri SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Dhandeeswaram 2nd Avenue East has changed

Over the years, the guideline value of Dhandeeswaram 2nd Avenue East has seen several revisions. In 2007, the guideline 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, it then dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The value continued to rise, reaching Rs 4,500 per sq.ft in 2023, and finally, the current value stands at Rs 4,950 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 125%.

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 2nd Avenue East is above this median.

Stamp duty and registration fee for property in Dhandeeswaram 2nd Avenue East

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, 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.

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

Which Sub Registrar Office covers Dhandeeswaram 2nd Avenue East?

The Sub Registrar Office that covers Dhandeeswaram 2nd Avenue East 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 plays a crucial role during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

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 duties and fees. This ensures that the government receives the appropriate revenue based on the property's recognized value.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 2nd Avenue East?

The current guideline value of Dhandeeswaram 2nd Avenue East 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, showing an overall increase of 125% over the years.

What is the stamp duty rate for properties in Dhandeeswaram 2nd Avenue East?

The stamp duty rate for properties in Dhandeeswaram 2nd Avenue East is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Dhandeeswaram 2nd Avenue East?

The Velacheri Sub Registrar Office handles registrations for Dhandeeswaram 2nd Avenue East, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Dhandeeswaram 2nd Avenue East?

Dhandeeswaram 2nd Avenue East is classified as Residential Class II Type - I.