Guideline Value for Dhandeeswaram 7th Avenue East

Dhandeeswaram 7th Avenue East guideline value

The current guideline value of Dhandeeswaram 7th Avenue East is Rs 4,950 per sq.ft, effective from 1 July 2024. This property is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dhandeeswaram 7th Avenue East has changed

The guideline value for Dhandeeswaram 7th Avenue East has seen several revisions over the years. The earliest recorded revision is from 2007, when the value was Rs 2,200 per sq.ft. In 2012, it increased significantly to Rs 4,500 per sq.ft, marking a 105% rise. The value remained unchanged at Rs 4,500 per sq.ft in 2023. However, in the 2024 revision, the guideline value increased by 10% to Rs 4,950 per sq.ft.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 125%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, making the 2024 figure for Dhandeeswaram 7th Avenue East above this median.

• Dhandeeswaram 6th Main Road Avenue Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 7th Avenue West: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 6th Main Road Avenue: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 7th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 6th Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 7th Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram 7th 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 amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total fees Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 7th Avenue East?

The Sub Registrar Office that covers Dhandeeswaram 7th 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 plays a crucial role during the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value is assessed to ensure compliance with legal requirements. This value is critical for both buyers and sellers to understand, as it impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Dhandeeswaram 7th Avenue East?

The current guideline value for Dhandeeswaram 7th 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 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.

What is the stamp duty rate for properties in Dhandeeswaram 7th Avenue East?

The stamp duty rate for properties in Dhandeeswaram 7th Avenue East is 7% of the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, with Dhandeeswaram 7th Avenue East's 2024 figure being above this median.