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Guideline Value

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Guideline Value for Dhandeeswaram 7th Main Road 2nd Avenue West

₹5500/sq.ft.

The guideline value for Dhandeeswaram 7th Main Road 2nd 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 ₹3350 /sq.ft.
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 2nd Avenue West

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Dhandeeswaram 7th Main Road 2nd Avenue West guideline value

The current guideline value of Dhandeeswaram 7th Main Road 2nd Avenue West is Rs 5,500 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 I Type - III.

How the guideline value of Dhandeeswaram 7th Main Road 2nd Avenue West has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 3,350 per sq.ft. The most recent revision in 2024 raised the value to Rs 5,500 per sq.ft, marking an increase of 64% from the 2017 figure. Notably, there are no figures available for the years 2023, 2007, 2003, and 2002 for this street.

Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 10% in the guideline value. This reflects the fluctuations in property valuation in the area over the years.

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 value is Rs 4,400 per sq.ft, placing the 2024 guideline value of Dhandeeswaram 7th Main Road 2nd Avenue West above this median.

Stamp duty and registration fee for property in Dhandeeswaram 7th Main Road 2nd Avenue West

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to 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, resulting in a total cost of Rs 4,95,000. It is important to note that 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 details.

Which Sub Registrar Office covers Dhandeeswaram 7th Main Road 2nd Avenue West?

The Sub Registrar Office that covers Dhandeeswaram 7th Main Road 2nd 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 plays a crucial role in the registration process 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 state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 7th Main Road 2nd Avenue West?

The current guideline value of Dhandeeswaram 7th Main Road 2nd Avenue West is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 10%. The value decreased from Rs 5,000 in 2012 to Rs 3,350 in 2017, and then increased to Rs 5,500 in 2024.

What is the land classification for this area?

Dhandeeswaram 7th Main Road 2nd Avenue West is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for this area?

The Velacheri Sub Registrar Office, which covers Dhandeeswaram 7th Main Road 2nd Avenue West, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated based on the guideline value?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 55,00,000 for a property, the stamp duty at 7% would be Rs 3,85,000.