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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 4th Avenue West

₹4950/sq.ft.

The guideline value for Dhandeeswaram 4th 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 4th Avenue West

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Dhandeeswaram 4th Avenue West guideline value

The current guideline value of Dhandeeswaram 4th Avenue West 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 4th Avenue West has changed

The guideline value for Dhandeeswaram 4th Avenue West has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 2,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, representing a rise of 105%. However, this value dropped by 33% to Rs 3,015 per sq.ft in 2017. Following this, the value surged by 49% to Rs 4,500 per sq.ft in 2023, and then further increased by 10% to the current rate of Rs 4,950 per sq.ft in 2024.

There are no figures available for the years 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 that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing the guideline value of Dhandeeswaram 4th Avenue West above this median.

Stamp duty and registration fee for property in Dhandeeswaram 4th 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 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dhandeeswaram 4th Avenue West?

The Sub Registrar Office that covers Dhandeeswaram 4th 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

When buying or selling property in Velachery, the guideline value is used to determine the minimum value at which a property can be registered. This value is crucial for calculating the stamp duty and registration fees that must be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The guideline value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 4th Avenue West?

The current guideline value of Dhandeeswaram 4th Avenue West 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 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 125% over the years.

What are the stamp duty and registration fees for property in Dhandeeswaram 4th Avenue West?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would be Rs 4,45,500.

Which Sub Registrar Office is responsible for Dhandeeswaram 4th Avenue West?

The Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, covers Dhandeeswaram 4th Avenue West.

What is the land classification of Dhandeeswaram 4th Avenue West?

Dhandeeswaram 4th Avenue West is classified as Residential Class II Type - I.