Guideline Value

Corporate

Guideline Value for Dhandeeswaram 4th Main Road

₹4950/sq.ft.

The guideline value for Dhandeeswaram 4th 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 ₹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

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Dhandeeswaram 4th Main Road guideline value

The current guideline value of Dhandeeswaram 4th Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dhandeeswaram 4th Main Road has changed

The guideline value for Dhandeeswaram 4th Main Road has seen significant increases over the years. In 2003, the value was Rs 495 per sq.ft, which rose to Rs 2,200 per sq.ft in 2007, marking a substantial increase of 344%. By 2017, the value further increased to Rs 3,015 per sq.ft, reflecting a 37% rise. The 2023 revision set the value at Rs 4,500 per sq.ft, representing a 49% increase from the previous revision. The most recent revision in 2024 has brought the guideline value to Rs 4,950 per sq.ft, a 10% increase from 2023.

It is important to note that the register does not have figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 900%.

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 guideline value for these streets is Rs 4,400 per sq.ft, making the 2024 figure for Dhandeeswaram 4th Main Road above this median.

Stamp duty and registration fee for property in Dhandeeswaram 4th 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 would be 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 charges 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 4th Main Road?

The Sub Registrar Office that covers Dhandeeswaram 4th 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 used as a benchmark for calculating stamp duty and registration fees. This value is crucial for ensuring that the transaction complies with local regulations and helps in determining the taxes owed during the registration process.

The guideline value also serves as a reference point for property transactions, ensuring that buyers and sellers are aware of the official valuation of properties in the area. This helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 4th Main Road?

The current guideline value of Dhandeeswaram 4th 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 increased significantly from Rs 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 900% over this period.

What are the stamp duty and registration fees for properties in this area?

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 Sub Registrar Office should I go to for transactions in Dhandeeswaram 4th Main Road?

The Velacheri Sub Registrar Office is responsible for transactions in Dhandeeswaram 4th Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

The land classification for Dhandeeswaram 4th Main Road is Residential Class II Type - I.