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Guideline Value

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Guideline Value for Dhandeeswaram 7th Main Road 1st Avenue West

₹5500/sq.ft.

The guideline value for Dhandeeswaram 7th Main Road 1st Avenue West in Velachery village (Velacheri SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /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 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Main Road 1st Avenue West

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Dhandeeswaram 7th Main Road 1st Avenue West guideline value

The current guideline value of Dhandeeswaram 7th Main Road 1st Avenue West is Rs 5,500 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 I Type - III.

How the guideline value of Dhandeeswaram 7th Main Road 1st Avenue West has changed

In the 2012 revision, the guideline value was Rs 5,000 per sq.ft. This increased to Rs 5,500 per sq.ft in the 2024 revision, marking a change of +10%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Comparing the revisions, the increase from 2012 to 2024 shows a significant adjustment in the guideline value. The current figure reflects the latest assessment of property values in the area.

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 is Rs 4,400 per sq.ft, placing Dhandeeswaram 7th Main Road 1st Avenue West above this median.

Stamp duty and registration fee for property in Dhandeeswaram 7th Main Road 1st Avenue West

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 7th Main Road 1st Avenue West?

The Sub Registrar Office that covers Dhandeeswaram 7th Main Road 1st 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 crucial when registering property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value or the sale price is considered to calculate the applicable duties. This ensures that transactions are aligned with the official valuations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 7th Main Road 1st Avenue West?

The current guideline value of Dhandeeswaram 7th Main Road 1st Avenue West is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 5,000 per sq.ft in 2012 to Rs 5,500 per sq.ft in 2024, which is a change of +10%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Velachery?

Other streets in Velachery have varying guideline values. For example, Dhandeeswaram 7th Main Road 2nd Avenue West and Dhandeeswaram 7th Main Road 3rd Avenue West both have a guideline value of Rs 5,500 per sq.ft in 2024.

What is the stamp duty for property in this area?

The stamp duty for property in Dhandeeswaram 7th Main Road 1st Avenue West is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 3,85,000.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office covers Dhandeeswaram 7th Main Road 1st Avenue West, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.