Guideline Value

Corporate

Guideline Value for Dhandeeswaram 2nd Cross Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram 2nd 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 ₹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 ₹616 /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 2nd Cross Street

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Dhandeeswaram 2nd Cross Street guideline value

The current guideline value of Dhandeeswaram 2nd 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, classified as Residential Class II Type - I.

How the guideline value of Dhandeeswaram 2nd Cross Street has changed

The guideline value for Dhandeeswaram 2nd Cross Street has undergone several revisions over the years. In 2003, the guideline value was Rs 616 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2007. Following that, it rose to Rs 4,500 per sq.ft in 2012, but then saw a decrease to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,950 per sq.ft in 2024.

Notably, the changes between these revisions include a 257% increase from 2003 to 2007, a 105% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The overall increase from 2003 to 2024 is 704%. The register has no figure for this street in 2002.

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 guideline value for these streets is Rs 4,400 per sq.ft, placing Dhandeeswaram 2nd Cross Street's 2024 figure above that median.

Stamp duty and registration fee for property in Dhandeeswaram 2nd 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 at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 2nd Cross Street?

The Sub Registrar Office that covers Dhandeeswaram 2nd 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 plays a crucial role in property transactions in Velachery, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. This value ensures that the government receives appropriate revenue based on the property's assessed worth.

When buying or selling property, it is essential to refer to the latest guideline value to understand the financial implications, including the costs associated with registration and stamp duty. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

Frequently asked questions

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

The current guideline value of Dhandeeswaram 2nd 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 changed from Rs 616 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 704% over this period.

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

Dhandeeswaram 2nd Cross Street is classified as Residential Class II Type - I.

Which Sub Registrar Office covers this street?

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

How do I calculate stamp duty for a property on this street?

To calculate the stamp duty for a property on Dhandeeswaram 2nd Cross Street, you can use the guideline value to determine the applicable fees. The duty is charged on the higher of the guideline value or the sale price, and you can find a calculator for this purpose online.