Guideline Value

Corporate

Guideline Value for Dhandeeswaram 5th Main Road

₹4950/sq.ft.

The guideline value for Dhandeeswaram 5th 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 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹543 /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 5th Main Road

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Dhandeeswaram 5th Main Road guideline value

The current guideline value of Dhandeeswaram 5th Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, classified as Residential Class II Type - I.

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

The guideline value for Dhandeeswaram 5th Main Road has seen several revisions over the years. In 2003, the value was Rs 543 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2007, marking a change of +305%. The value then rose to Rs 4,500 per sq.ft in 2012, reflecting an increase of +105%. However, it decreased to Rs 3,015 per sq.ft in 2017, a change of -33%. The value then increased sharply to Rs 4,500 per sq.ft in 2023, and most recently, it has risen to Rs 4,950 per sq.ft in 2024, which is a +10% change.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +812%.

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 value is Rs 4,400 per sq.ft, placing the Dhandeeswaram 5th Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in Dhandeeswaram 5th 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 amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost for these fees 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 5th Main Road?

The Dhandeeswaram 5th Main Road 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 details.

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

The guideline value is a crucial factor in property transactions in Velachery. It serves as a benchmark for determining the value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a recognized value.

Additionally, the guideline value helps maintain transparency in property transactions. Buyers and sellers can refer to the guideline value to understand the expected costs associated with buying or selling property in the area, thus facilitating a smoother transaction process.

Frequently asked questions

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

The current guideline value of Dhandeeswaram 5th 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 changed significantly from Rs 543 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +812% over this period.

What are the other streets in Velachery with the same guideline value?

Other streets in Velachery that share the same guideline value of Rs 4,950 per sq.ft include Dhandeeswaram 5th Cross Street, Dhandeeswaram 5th Main Road Avenue, Dhandeeswaram 5th Avenue West, Dhandeeswaram 6th Avenue East, Dhandeeswaram 5th Avenue East, and Dhandeeswaram 6th Cross Street.

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 the stamp duty calculated for properties in Dhandeeswaram 5th Main Road?

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 at 7% would be Rs 3,46,500.