Guideline Value for Dhandeeswaram 9th Cross Street

Dhandeeswaram 9th Cross Street guideline value

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

The guideline value for Dhandeeswaram 9th Cross Street has seen several revisions over the years. In 2003, the value was Rs 495 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2007. The value then rose to Rs 4,500 per sq.ft in 2012, before dropping to Rs 3,015 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 4,500 per sq.ft, and the current value is Rs 4,950 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

Overall, the guideline value has increased by 900% from 2003 to 2024. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Velachery

Within 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 value for these streets is Rs 4,400 per sq.ft, placing Dhandeeswaram 9th Cross Street above this median.

• Dhandeeswaram 8th Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 9th Cross Street Avenue: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 8th Cross Street Avenue: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 9th Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 8th Cross Street 3rd Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Balaji Nagar: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram 9th Cross Street

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 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.

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

Which Sub Registrar Office covers Dhandeeswaram 9th Cross Street?

The Sub Registrar Office that covers Dhandeeswaram 9th Cross Street 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 plays a crucial role during the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is bought or sold, the guideline value is referred to for calculating the necessary fees, which helps maintain transparency in property transactions. It is essential for both parties to understand the guideline value to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of Dhandeeswaram 9th Cross Street 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 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Dhandeeswaram 9th Cross Street?

Dhandeeswaram 9th Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Which office handles property registrations for Dhandeeswaram 9th Cross Street?

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