Guideline Value for Dhandeeswaram 8th Avenue (Service Salai) 100' Taramani Rd

Dhandeeswaram 8th Avenue (Service Salai) 100' Taramani Rd guideline value

The current guideline value of Dhandeeswaram 8th Avenue (Service Salai) 100' Taramani Rd is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Dhandeeswaram 8th Avenue (Service Salai) 100' Taramani Rd has changed

The guideline value for Dhandeeswaram 8th Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 8,040 per sq.ft. This increased significantly to Rs 12,000 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 brought the value to Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Velachery

In Velachery, there are a total of 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 Dhandeeswaram 8th Avenue above that median.

• Dhandeeswaram 8th Avenue (East): Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 8th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 8th Avenue: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 8th Cross Street 3rd Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 7th Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 8th Cross Street Avenue: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram 8th Avenue (Service Salai) 100' Taramani Rd

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, making the total Rs 11,88,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Dhandeeswaram 8th Avenue (Service Salai) 100' Taramani Rd?

The Sub Registrar Office that covers Dhandeeswaram 8th Avenue 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 component in property transactions in Velachery. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value for calculating the applicable stamp duty and registration fees during the sale process.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is advisable for buyers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 8th Avenue?

The current guideline value of Dhandeeswaram 8th Avenue (Service Salai) 100' Taramani Rd is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 8,040 per sq.ft in 2017 to Rs 12,000 per sq.ft in 2023, and then to Rs 13,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Dhandeeswaram 8th Avenue, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find more information on stamp duty and registration fees?

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