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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 6th Main Road Avenue Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram 6th Main Road Avenue 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 ₹653 /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 Main Road Avenue Street

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Dhandeeswaram 6th Main Road Avenue Street guideline value

The current guideline value of Dhandeeswaram 6th Main Road Avenue Street 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 Main Road Avenue Street has changed

The guideline value for Dhandeeswaram 6th Main Road Avenue Street has seen significant changes over the years. In 2003, the guideline value was Rs 653 per sq.ft, which increased to Rs 2,200 per sq.ft in 2007, marking a rise of 237%. The value remained at Rs 4,500 per sq.ft in both the 2012 and 2023 revisions, showing no change during this period. The most recent revision in 2024 saw the guideline value increase to Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

From 2003 to 2024, the overall increase in the guideline value is 658%. The register does not have figures for the years 2002 and 2017 for this street.

Guideline values in Velachery

In Velachery, there are a total of 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, with a median value of Rs 4,400 per sq.ft. The guideline value for Dhandeeswaram 6th Main Road Avenue Street is above this median.

Stamp duty and registration fee for property in Dhandeeswaram 6th Main Road Avenue Street

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 to Rs 4,45,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 6th Main Road Avenue Street?

The Dhandeeswaram 6th Main Road Avenue Street is covered by 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 during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value as it affects the overall costs involved in the transaction. Buyers should consider this value to understand the financial implications of their purchase and to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value for Dhandeeswaram 6th Main Road Avenue Street?

The current guideline value for Dhandeeswaram 6th Main Road Avenue 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 increased from Rs 653 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 658% over this period.

What is the classification of Dhandeeswaram 6th Main Road Avenue Street?

Dhandeeswaram 6th Main Road Avenue Street is classified as Residential Class II Type - I.

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 stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500.