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Guideline Value

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Guideline Value for Dhandeeswaram 7th Main Road 3rd Avenue West

₹5500/sq.ft.

The guideline value for Dhandeeswaram 7th Main Road 3rd 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 3rd Avenue West

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Dhandeeswaram 7th Main Road 3rd Avenue West guideline value

The current guideline value for Dhandeeswaram 7th Main Road 3rd 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 3rd Avenue West has changed

Over the years, the guideline value for Dhandeeswaram 7th Main Road 3rd Avenue West has experienced several revisions. The 2012 revision set the guideline value at Rs 5,000 per sq.ft, which decreased to Rs 3,350 per sq.ft in the 2017 revision. The latest revision in 2024 has increased the value to Rs 5,500 per sq.ft, reflecting a change of +64% from 2017 to 2024 and a -33% decrease from 2012 to 2017. Overall, from 2012 to 2024, there has been a +10% change.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing the Dhandeeswaram 7th Main Road 3rd Avenue West guideline value above this median.

Stamp duty and registration fee for property in Dhandeeswaram 7th Main Road 3rd 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, leading to a total of Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram 7th Main Road 3rd Avenue West?

The Dhandeeswaram 7th Main Road 3rd Avenue West falls under 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the sale price must be compared with the guideline value. The higher of the two amounts is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Dhandeeswaram 7th Main Road 3rd Avenue West?

The current guideline value for Dhandeeswaram 7th Main Road 3rd 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 has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, and then increased to Rs 5,500 per sq.ft in 2024. This represents a -33% change from 2012 to 2017 and a +64% change from 2017 to 2024.

What is the land classification for this area?

Dhandeeswaram 7th Main Road 3rd Avenue West is classified as Residential Class I Type - III.

What are the guideline values for other streets in Velachery?

Other streets in Velachery have varying guideline values, with some streets like Dhandeeswaram 7th Main Road 2nd Avenue West and 1st Avenue West also having a guideline value of Rs 5,500 per sq.ft in 2024.

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

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