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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 7th Avenue West

₹4950/sq.ft.

The guideline value for Dhandeeswaram 7th Avenue West 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 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 7th Avenue West

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Dhandeeswaram 7th Avenue West guideline value

The current guideline value of Dhandeeswaram 7th Avenue West 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 7th Avenue West has changed

The guideline value for Dhandeeswaram 7th Avenue West has seen several revisions over the years. In 2007, the guideline value was Rs 2,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. This figure remained unchanged until the next revision in 2023, where it was again Rs 4,500 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 125%. Notably, the revisions for the years 2017, 2003, and 2002 do not have a recorded figure for this street.

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, placing Dhandeeswaram 7th Avenue West above this median.

Stamp duty and registration fee for property in Dhandeeswaram 7th Avenue West

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the 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, totaling Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 7th Avenue West?

The Sub Registrar Office that covers Dhandeeswaram 7th Avenue West 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 critical factor when registering property transactions in Velachery. It determines the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 7th Avenue West?

The current guideline value of Dhandeeswaram 7th Avenue West 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 for property in Dhandeeswaram 7th Avenue West?

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

Which Sub Registrar Office should I visit for transactions in Dhandeeswaram 7th Avenue West?

The Velacheri Sub Registrar Office covers transactions for Dhandeeswaram 7th Avenue West, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Are there other streets with the same guideline value in Velachery?

Yes, several other streets in Velachery have the same guideline value of Rs 4,950 per sq.ft, including Dhandeeswaram 7th Avenue East, Dhandeeswaram 7th Cross Street, and Dhandeeswaram 6th Main Road Avenue Street.