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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 8th Cross Street Avenue

₹4950/sq.ft.

The guideline value for Dhandeeswaram 8th Cross Street Avenue 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 ₹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 8th Cross Street Avenue

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Dhandeeswaram 8th Cross Street Avenue guideline value

The current guideline value of Dhandeeswaram 8th Cross Street Avenue 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 Cross Street Avenue has changed

The guideline value for Dhandeeswaram 8th Cross Street Avenue has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 2,200 per sq.ft. This increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 105%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The value then saw a substantial increase to Rs 4,500 per sq.ft in 2023, a rise of 49%. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 125%.

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 guideline value for these streets is Rs 4,400 per sq.ft, placing Dhandeeswaram 8th Cross Street Avenue above this median.

Stamp duty and registration fee for property in Dhandeeswaram 8th Cross Street Avenue

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, and the registration fee at 2% would be Rs 99,000, totaling 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram 8th Cross Street Avenue?

The Sub Registrar Office that covers Dhandeeswaram 8th Cross Street 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 information.

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 calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to determine the minimum value at which the property can be registered. This value helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of Dhandeeswaram 8th Cross Street Avenue 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 2,200 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 125% over the years.

What is the land classification for this street?

Dhandeeswaram 8th Cross Street Avenue is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Dhandeeswaram 8th Cross Street Avenue 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 properties in this area?

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