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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 3rd Avenue West

₹4950/sq.ft.

The guideline value for Dhandeeswaram 3rd Avenue 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 3rd Avenue West

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Dhandeeswaram 3rd Avenue West guideline value

The current guideline value of Dhandeeswaram 3rd Avenue 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 3rd Avenue West has changed

The guideline value for Dhandeeswaram 3rd Avenue West has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 2,200 per sq.ft. This increased to Rs 4,500 per sq.ft in 2012, reflecting a rise of 105%. However, it then dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The value rose significantly again to Rs 4,500 per sq.ft in 2023, and now stands at Rs 4,950 per sq.ft in the 2024 revision, marking a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, the guideline value has increased by 125% from the 2007 revision to the current 2024 figure. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Dhandeeswaram 3rd Avenue West's 2024 figure above this median.

Stamp duty and registration fee for property in Dhandeeswaram 3rd Avenue 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 to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhandeeswaram 3rd Avenue West?

The Sub Registrar Office that covers Dhandeeswaram 3rd Avenue 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 transactions in Velachery. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is essential for buyers to be aware of the guideline value to ensure that they are not overpaying for a property.

Frequently asked questions

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

The current guideline value of Dhandeeswaram 3rd Avenue West is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 125%.

What is the stamp duty for property in Dhandeeswaram 3rd Avenue West?

The stamp duty for property in Dhandeeswaram 3rd Avenue West is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Dhandeeswaram 3rd Avenue West?

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

What is the land classification for Dhandeeswaram 3rd Avenue West?

The land classification for Dhandeeswaram 3rd Avenue West is Residential Class II Type - I.