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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 4th Main Road Avenue Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram 4th Main Road Avenue 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 N/A
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹495 /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 Main Road Avenue Street

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Dhandeeswaram 4th Main Road Avenue Street guideline value

The current guideline value for Dhandeeswaram 4th Main Road Avenue 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 Main Road Avenue Street has changed

The guideline value for Dhandeeswaram 4th Main Road Avenue Street has seen significant changes over the years. In 2003, the value was Rs 495 per sq.ft, which increased to Rs 2,200 per sq.ft in 2007, marking a substantial rise of 344%. The value continued to grow, reaching Rs 3,015 per sq.ft in 2017, an increase of 37%. By 2023, the guideline value had further risen to Rs 4,500 per sq.ft, reflecting a 49% increase from 2017.

As of the 2024 revision, the guideline value is set at Rs 4,950 per sq.ft, indicating a 10% increase from the previous year. It is important to note that there are no figures available for the years 2002 and 2012 for this street.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO carrying 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 Main Road Avenue Street above this median.

Stamp duty and registration fee for property in Dhandeeswaram 4th Main Road Avenue Street

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 the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 4th Main Road Avenue Street?

The Dhandeeswaram 4th Main Road Avenue 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, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is documented accurately in accordance with government regulations.

When a buyer or seller approaches the registration office, the guideline value helps in establishing the official value of the property, which is essential for legal and financial processes. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Dhandeeswaram 4th Main Road Avenue Street?

The current guideline value for Dhandeeswaram 4th Main Road Avenue Street 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 increased significantly, from Rs 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, which is an overall increase of 900%.

What is the classification of land for Dhandeeswaram 4th Main Road Avenue Street?

Dhandeeswaram 4th Main Road Avenue Street is classified as Residential Class II Type - I.

Where can I find the Velacheri Sub Registrar Office?

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

How is stamp duty calculated for properties in this area?

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