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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 5th Avenue East

₹4950/sq.ft.

The guideline value for Dhandeeswaram 5th Avenue East 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 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 5th Avenue East

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Dhandeeswaram 5th Avenue East guideline value

The current guideline value of Dhandeeswaram 5th Avenue East 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 5th Avenue East has changed

Over the years, the guideline value of Dhandeeswaram 5th Avenue East has seen significant changes. In 2007, the value was Rs 2,200 per sq.ft, which increased to Rs 3,015 per sq.ft in 2017, marking a 37% rise. The value then jumped to Rs 4,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 125%.

Guideline values in Velachery

In Velachery, there are a total of 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, placing Dhandeeswaram 5th Avenue East above this median.

Stamp duty and registration fee for property in Dhandeeswaram 5th Avenue East

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 cost for these 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.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 5th Avenue East?

The Dhandeeswaram 5th Avenue East falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Velachery. It determines the minimum value at which a property can be registered, ensuring that the government receives adequate revenue through stamp duty and registration fees. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value serves as a reference point for calculating the applicable stamp duty and registration fees. The fees are assessed based on the higher of the guideline value or the actual sale price, ensuring that the transaction reflects the property's worth.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 5th Avenue East?

The current guideline value of Dhandeeswaram 5th Avenue East 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 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, representing a 125% increase over the years.

What is the median guideline value in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which is lower than the current value of Dhandeeswaram 5th Avenue East.

What are the stamp duty rates applicable in Dhandeeswaram 5th Avenue East?

The stamp duty rate for property transactions in Dhandeeswaram 5th Avenue East is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Dhandeeswaram 5th Avenue East?

The Velacheri Sub Registrar Office handles registrations for properties in Dhandeeswaram 5th Avenue East, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.