Guideline Value for Dhandeeswaram 3rd Avenue East

Dhandeeswaram 3rd Avenue East guideline value

The current guideline value of Dhandeeswaram 3rd 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, and is classified as Residential Class II Type - I.

How the guideline value of Dhandeeswaram 3rd Avenue East has changed

The guideline value for Dhandeeswaram 3rd Avenue East has seen several revisions over the years. The 2007 revision set the value at Rs 2,200 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 105%. However, the value decreased to Rs 3,015 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision brought the value up to Rs 4,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,950 per sq.ft, an increase of 10% from the previous year.

There are no figures available for the revisions in 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 value is Rs 4,400 per sq.ft, placing Dhandeeswaram 3rd Avenue East's 2024 figure above that median.

• Dhandeeswaram 2nd Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 3rd Avenue West: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 2nd Cross Street West: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 3rd Avenue West 7th Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 2nd Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 3rd Cross Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram 3rd Avenue East

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 3rd Avenue East?

Dhandeeswaram 3rd Avenue East 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 an essential factor in property transactions in Velachery. It determines the minimum value on which stamp duty and registration fees are calculated during the sale or purchase of property.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 3rd Avenue East?

The current guideline value of Dhandeeswaram 3rd 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 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 is the land classification for Dhandeeswaram 3rd Avenue East?

Dhandeeswaram 3rd Avenue East 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.

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

The Velacheri Sub Registrar Office, which covers Dhandeeswaram 3rd Avenue East, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.