Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Dhandeeswaram 5th Main Road Avenue

₹4950/sq.ft.

The guideline value for Dhandeeswaram 5th Main Road Avenue 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 5th Main Road Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Dhandeeswaram 5th Main Road Avenue guideline value

The current guideline value for Dhandeeswaram 5th Main Road Avenue is Rs 4,950 per sq.ft, effective from 1 July 2024. This property is located in Velachery village, under the Velacheri SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Dhandeeswaram 5th Main Road Avenue has changed

Over the years, the guideline value for Dhandeeswaram 5th Main Road Avenue has seen several revisions. The earliest recorded figure is from 2007, which was Rs 2,200 per sq.ft. This value increased significantly to Rs 4,500 per sq.ft in 2012, marking a 105% rise. However, it then decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value picked up again to Rs 4,500 per sq.ft in 2023, and most recently, it has increased to Rs 4,950 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 figure to the current 2024 guideline value, there has been a total increase of 125%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 guideline value in this area is Rs 4,400 per sq.ft, making the current figure for Dhandeeswaram 5th Main Road Avenue above that median.

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

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, while the registration fee at 2% would be Rs 99,000. Thus, the total cost for stamp duty and registration would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 5th Main Road Avenue?

The Sub Registrar Office that covers Dhandeeswaram 5th Main Road Avenue 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

The guideline value is a critical factor in property transactions, as it is used to determine the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be sold. It is essential for both parties to be aware of this value to avoid any legal implications during the transaction.

Frequently asked questions

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

The current guideline value of Dhandeeswaram 5th Main Road Avenue 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.

Which Sub Registrar Office is responsible for Dhandeeswaram 5th Main Road Avenue?

The Velacheri Sub Registrar Office is responsible for Dhandeeswaram 5th Main Road Avenue, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 49,50,000, the total stamp duty and registration fees would amount to Rs 4,45,500.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, with Dhandeeswaram 5th Main Road Avenue's current value being above this median.