Guideline Value

Corporate

Guideline Value for Dhandeeswaram 6th Cross Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram 6th Cross Street 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 N/A
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 ₹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 6th Cross Street

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 6th Cross Street guideline value

The current guideline value of Dhandeeswaram 6th Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street 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 6th Cross Street has changed

The guideline value for Dhandeeswaram 6th Cross Street has seen several revisions over the years. In 2003, the guideline value was Rs 495 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2007, marking a change of +344%. By 2012, the value remained at Rs 4,500 per sq.ft, showing no change from the previous revision. In 2023, the value was again Rs 4,500 per sq.ft, with no change from 2012. However, in 2024, the guideline value rose to Rs 4,950 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +900%. The register does not contain figures for the years 2002 and 2017 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Dhandeeswaram 6th Cross Street is above this median.

Stamp duty and registration fee for property in Dhandeeswaram 6th Cross Street

For a 1,000 sq.ft plot at the current rate, the 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. Together, these costs would total Rs 4,45,500. It is important to note that 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 6th Cross Street?

The Sub Registrar Office that covers Dhandeeswaram 6th Cross Street 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying for a property and to help sellers set a reasonable asking price.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 6th Cross Street?

The current guideline value of Dhandeeswaram 6th Cross Street 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 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting 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 office handles property registrations in Dhandeeswaram 6th Cross Street?

The Velacheri Sub Registrar Office is responsible for property registrations in Dhandeeswaram 6th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value when buying or selling property?

The guideline value serves as a benchmark for property registration, ensuring that the government receives the appropriate revenue from stamp duty and registration fees. It helps buyers and sellers understand the fair valuation of a property during transactions.