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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 8th Avenue (East)

₹4950/sq.ft.

The guideline value for Dhandeeswaram 8th Avenue (east) in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. 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 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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 8th Avenue (east)

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Dhandeeswaram 8th Avenue (East) guideline value

The current guideline value for Dhandeeswaram 8th Avenue (East) is Rs 4,950 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 II Type - I.

How the guideline value of Dhandeeswaram 8th Avenue (East) has changed

The guideline value for Dhandeeswaram 8th Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which then decreased to Rs 3,015 per sq.ft in the 2017 revision. This represented a decrease of 33%. Following this, the value saw a significant increase to Rs 4,500 per sq.ft in 2023, and further increased to Rs 4,950 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, the value increased by 49%, and overall, from 2012 to 2024, there has been a 10% increase. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

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 Dhandeeswaram 8th Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Dhandeeswaram 8th Avenue (East)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, while the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees 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 also use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Dhandeeswaram 8th Avenue (East)?

The Sub Registrar Office that covers Dhandeeswaram 8th Avenue (East) 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value for Dhandeeswaram 8th Avenue (East)?

The current guideline value for Dhandeeswaram 8th Avenue (East) 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 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, marking a 10% increase. It was Rs 3,015 per sq.ft in 2017, which was a 49% increase from the previous value.

What is the land classification for Dhandeeswaram 8th Avenue (East)?

Dhandeeswaram 8th Avenue (East) is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Dhandeeswaram 8th Avenue (East) is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 49,50,000 would incur a stamp duty of Rs 3,46,500 at a rate of 7%.