Guideline Value

Corporate

Guideline Value for Dhandeeswaram 4th Cross Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram 4th Cross Street 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 ₹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 4th Cross Street

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Dhandeeswaram 4th Cross Street guideline value

The current guideline value of Dhandeeswaram 4th 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 is classified as Residential Class II Type - I.

How the guideline value of Dhandeeswaram 4th Cross Street has changed

The guideline value for Dhandeeswaram 4th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2003, at Rs 517 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2007, marking a 326% rise. The value then rose to Rs 4,500 per sq.ft in 2012, a 105% increase from the previous revision. However, it decreased to Rs 3,015 per sq.ft in 2017, reflecting a decline of 33%. The guideline value then surged to Rs 4,500 per sq.ft in 2023, a 49% increase, and finally reached Rs 4,950 per sq.ft in 2024, representing a 10% rise.

It is important to note that the register has no figure for Dhandeeswaram 4th Cross Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 857%.

Guideline values in Velachery

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

Stamp duty and registration fee for property in Dhandeeswaram 4th 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, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 4th Cross Street?

The Dhandeeswaram 4th Cross Street falls under 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 when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 4th Cross Street?

The current guideline value of Dhandeeswaram 4th 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 significantly from Rs 517 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 857%.

What is the land classification for Dhandeeswaram 4th Cross Street?

Dhandeeswaram 4th Cross Street is classified as Residential Class II Type - I.

Where can I find the registration office for this street?

The registration office covering Dhandeeswaram 4th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 49,50,000, the stamp duty at 7% would be Rs 3,46,500.