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Guideline Value

Corporate

Guideline Value for Dhandeeswaram 9th Cross Street Avenue

₹4950/sq.ft.

The guideline value for Dhandeeswaram 9th 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 9th Cross Street Avenue

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Dhandeeswaram 9th Cross Street Avenue guideline value

The current guideline value of Dhandeeswaram 9th 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 9th Cross Street Avenue has changed

Over the years, the guideline value for Dhandeeswaram 9th Cross Street Avenue has seen several revisions. The 2007 revision recorded a value of Rs 2,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking an increase of 105%. However, this value dropped to Rs 3,015 per sq.ft in the 2017 revision, representing a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 4,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 4,950 per sq.ft, an increase of 10% from the previous year.

The guideline value register does not have figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, 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 9th Cross Street Avenue above this median.

Stamp duty and registration fee for property in Dhandeeswaram 9th 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 amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees together to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhandeeswaram 9th Cross Street Avenue?

The Sub Registrar Office that covers Dhandeeswaram 9th Cross Street Avenue is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented at a fair value.

When a property is sold, the buyer and seller must consider the guideline value to calculate applicable fees such as stamp duty and registration charges. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 9th Cross Street Avenue?

The current guideline value of Dhandeeswaram 9th 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%. There have been several revisions, with the most recent being a 10% increase from 2023 to 2024.

What is the land classification for this street?

Dhandeeswaram 9th Cross Street Avenue is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Which office handles registrations for this area?

The Velacheri Sub Registrar Office handles registrations for Dhandeeswaram 9th Cross Street Avenue. The office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is 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, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,46,500.