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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 6th Avenue East

₹4950/sq.ft.

The guideline value for Dhandeeswaram 6th 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 ₹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 6th Avenue East

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Dhandeeswaram 6th Avenue East guideline value

The current guideline value of Dhandeeswaram 6th 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 6th Avenue East has changed

The guideline value for Dhandeeswaram 6th Avenue East has undergone several revisions over the years. In 2007, the guideline value was Rs 2,200 per sq.ft. This increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 105%. However, the value decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, and the most recent 2024 revision raised it to Rs 4,950 per sq.ft, reflecting an increase of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 125%. The register does not have 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 value is Rs 4,400 per sq.ft, placing Dhandeeswaram 6th Avenue East above this median.

Stamp duty and registration fee for property in Dhandeeswaram 6th 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, 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 6th Avenue East?

The Sub Registrar Office that covers Dhandeeswaram 6th Avenue East 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 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 set by the government and is used to calculate various fees associated with property transactions, including stamp duty and registration fees.

When you decide to sell or buy property, the guideline value helps ensure transparency in transactions. It also serves as a benchmark for assessing the value of properties in the area, making it an essential component of real estate dealings.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 6th Avenue East?

The current guideline value of Dhandeeswaram 6th 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 seen several revisions, increasing from Rs 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, an overall increase of 125%.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, with Dhandeeswaram 6th Avenue East being above this median at Rs 4,950 per sq.ft.

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

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

Which office handles registrations for Dhandeeswaram 6th Avenue East?

The Velacheri Sub Registrar Office handles registrations for Dhandeeswaram 6th Avenue East, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.