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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 3rd Avenue West 7th Main Road

₹4950/sq.ft.

The guideline value for Dhandeeswaram 3rd Avenue West 7th Main Road 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 N/A
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 3rd Avenue West 7th Main Road

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Dhandeeswaram 3rd Avenue West 7th Main Road guideline value

The current guideline value for Dhandeeswaram 3rd Avenue West 7th Main Road 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 3rd Avenue West 7th Main Road has changed

The guideline value for Dhandeeswaram 3rd Avenue West 7th Main Road has seen several revisions over the years. In 2012, the value was Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 4,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, reflecting a rise of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO, with guideline values for 2024 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, making the current value of Dhandeeswaram 3rd Avenue West 7th Main Road above the median.

Stamp duty and registration fee for property in Dhandeeswaram 3rd Avenue West 7th Main Road

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 fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dhandeeswaram 3rd Avenue West 7th Main Road?

The Sub Registrar Office that covers Dhandeeswaram 3rd Avenue West 7th Main Road 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 further assistance.

How the guideline value is used when you buy or sell in Velachery

The guideline value plays a crucial role when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value is often considered as a benchmark for the property transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Dhandeeswaram 3rd Avenue West 7th Main Road?

The current guideline value for Dhandeeswaram 3rd Avenue West 7th Main Road 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 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

What is the classification of the land for Dhandeeswaram 3rd Avenue West 7th Main Road?

Dhandeeswaram 3rd Avenue West 7th Main Road 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 is Rs 3,46,500, and the registration fee is Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for this street?

The Velacheri Sub Registrar Office handles registrations for Dhandeeswaram 3rd Avenue West 7th Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.