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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 7th Main Road 1st Avenue

₹4950/sq.ft.

The guideline value for Dhandeeswaram 7th Main Road 1st Avenue 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 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

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Dhandeeswaram 7th Main Road 1st Avenue guideline value

The current guideline value of Dhandeeswaram 7th Main Road 1st Avenue is Rs 4,950 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 II Type - I.

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

The guideline value for Dhandeeswaram 7th Main Road 1st Avenue has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 2,200 per sq.ft. This figure increased by 125% to Rs 4,950 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2023, 2017, 2012, 2003, and 2002 for this street.

From 2007 to 2024, the increase in the guideline value reflects a substantial rise, indicating changes in the valuation of properties in this area. The current guideline value is now significantly higher than the earlier revision, showcasing the evolution of property values over time.

Guideline values in Velachery

In Velachery, there are 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. The median value for these streets is Rs 4,400 per sq.ft, placing the Dhandeeswaram 7th Main Road 1st Avenue above this median.

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

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 fees together to 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 further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Dhandeeswaram 7th Main Road 1st Avenue is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical 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 government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. This value is essential for calculating the stamp duty and registration fees, which are based on the higher of the guideline value and the agreed sale price.

Frequently asked questions

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

The current guideline value of Dhandeeswaram 7th Main Road 1st Avenue is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since the 2007 revision, the guideline value has increased from Rs 2,200 per sq.ft to Rs 4,950 per sq.ft in 2024, marking a 125% increase.

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, and Dhandeeswaram 7th Main Road 1st Avenue is above this median.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles property registrations for Dhandeeswaram 7th Main Road 1st Avenue?

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