Guideline Value

Corporate

Guideline Value for Dhandeeswaram 3rd Main Road

₹4950/sq.ft.

The guideline value for Dhandeeswaram 3rd 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 N/A
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 ₹517 /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 3rd Main Road

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Dhandeeswaram 3rd Main Road guideline value

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

How the guideline value of Dhandeeswaram 3rd Main Road has changed

The guideline value for Dhandeeswaram 3rd Main Road has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 517 per sq.ft. This value saw a significant increase 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 the 2023 revision, showing no change during this period. In 2023, the guideline value was revised to Rs 4,500 per sq.ft, and in 2024, it increased by 10% to the current rate of Rs 4,950 per sq.ft.

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

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO, with guideline values 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 Main Road above this median at Rs 4,950 per sq.ft.

Stamp duty and registration fee for property in Dhandeeswaram 3rd 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 or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 3rd Main Road?

The Sub Registrar Office that covers Dhandeeswaram 3rd 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 more information.

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

When buying or selling property in Velachery, the guideline value is a crucial factor for registration purposes. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

Additionally, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers and sellers must consider this value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 3rd Main Road?

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

What is the stamp duty for property in Dhandeeswaram 3rd Main Road?

The stamp duty for property in Dhandeeswaram 3rd Main Road is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

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

Are there other streets with the same guideline value?

Yes, several other streets in Velachery have the same guideline value of Rs 4,950 per sq.ft, including Dhandeeswaram 3rd Cross Street and Dhandeeswaram 3rd Avenue West, among others.