Guideline Value for Dhandeeswaram 3rd Cross Street

Dhandeeswaram 3rd Cross Street guideline value

The current guideline value of Dhandeeswaram 3rd 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, and the land classification is Residential Class II Type - I.

How the guideline value of Dhandeeswaram 3rd Cross Street has changed

The guideline value for Dhandeeswaram 3rd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 517 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2007, marking a change of +326%. The value remained at Rs 4,500 per sq.ft from 2012 until 2023, showing no change during that period. In 2024, the guideline value was revised to Rs 4,950 per sq.ft, reflecting a +10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +857%. The revisions for 2017 and 2002 do not have figures available for this street in the register.

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, with a median value of Rs 4,400 per sq.ft. The guideline value for Dhandeeswaram 3rd Cross Street is above this median.

• Dhandeeswaram 3rd Avenue West 7th Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 3rd Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 3rd Avenue West: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 3rd Main Road 9th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 3rd Avenue East: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 4th Avenue East: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram 3rd 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 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 fees together 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 3rd Cross Street?

The Sub Registrar Office that covers Dhandeeswaram 3rd 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 here.

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

The guideline value is crucial when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When a property is sold, the buyer must pay stamp duty based on either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that both parties adhere to the legal requirements set forth by the registration authorities.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 3rd Cross Street?

The current guideline value of Dhandeeswaram 3rd 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 517 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +857% over the years.

What are the stamp duty and registration fees for properties here?

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.

Which office handles registrations for this area?

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

What is the land classification for Dhandeeswaram 3rd Cross Street?

The land classification for Dhandeeswaram 3rd Cross Street is Residential Class II Type - I.