Guideline Value

Corporate

Guideline Value for Dhandeeswaram 7th Cross Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram 7th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 7th Cross Street

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Dhandeeswaram 7th Cross Street guideline value

The current guideline value of Dhandeeswaram 7th Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dhandeeswaram 7th Cross Street has changed

The guideline value for Dhandeeswaram 7th Cross Street has undergone several revisions over the years. Starting from Rs 495 per sq.ft in 2003, it increased to Rs 2,200 per sq.ft in 2007, marking a significant rise of 344%. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, reflecting an increase of 125% from the 2007 figure. Overall, from 2003 to 2024, the guideline value has increased by 900%.

The register does not have figures for the years 2023, 2017, 2012, and 2002 for this street. Thus, the only revisions available are from 2003, 2007, and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value. The values range 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 7th Cross Street is above this median.

Stamp duty and registration fee for property in Dhandeeswaram 7th Cross Street

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, bringing the total to 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 detailed calculations.

Which Sub Registrar Office covers Dhandeeswaram 7th Cross Street?

The Sub Registrar Office that covers Dhandeeswaram 7th 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Velachery. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is important for both the buyer and the seller. It also aids in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 7th Cross Street?

The current guideline value of Dhandeeswaram 7th 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 from Rs 495 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2007, and then to Rs 4,950 per sq.ft in 2024. This marks a total increase of 900% from 2003 to 2024.

What is the land classification for Dhandeeswaram 7th Cross Street?

The land classification for Dhandeeswaram 7th Cross Street is Residential Class II Type - I.

Which Sub Registrar Office is responsible for Dhandeeswaram 7th Cross Street?

The Velacheri Sub Registrar Office is responsible for Dhandeeswaram 7th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Dhandeeswaram 7th Cross Street?

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.