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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 2nd Cross Street West

₹4950/sq.ft.

The guideline value for Dhandeeswaram 2nd 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 ₹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 Cross Street West

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Dhandeeswaram 2nd Cross Street West guideline value

The current guideline value of Dhandeeswaram 2nd Cross Street West 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 2nd Cross Street West has changed

The guideline value for Dhandeeswaram 2nd Cross Street West has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 2,200 per sq.ft, which then increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a 105% rise. However, in the 2017 revision, the value dropped to Rs 3,015 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw a substantial increase to Rs 4,500 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 4,950 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased 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. The median value for these streets is Rs 4,400 per sq.ft, which means the guideline value for Dhandeeswaram 2nd Cross Street West is above this median.

Stamp duty and registration fee for property in Dhandeeswaram 2nd Cross Street West

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

Which Sub Registrar Office covers Dhandeeswaram 2nd Cross Street West?

The Sub Registrar Office that covers Dhandeeswaram 2nd Cross Street West 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 during the registration of property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any legal complications during the transaction.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 2nd Cross Street West?

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

What is the stamp duty rate for properties in this area?

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

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Dhandeeswaram 2nd Cross Street West is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Dhandeeswaram 2nd Cross Street West?

The land classification for Dhandeeswaram 2nd Cross Street West is Residential Class II Type - I.