Guideline Value

Corporate

Guideline Value for Dhandeeswaram 9th Main Road

₹4950/sq.ft.

The guideline value for Dhandeeswaram 9th Main Road 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 ₹495 /sq.ft.
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 Main Road

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Dhandeeswaram 9th Main Road guideline value

The current guideline value of Dhandeeswaram 9th Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dhandeeswaram 9th Main Road has changed

The guideline value for Dhandeeswaram 9th Main Road has seen several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 495 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2007, marking a change of +344%. In 2012, it was revised to Rs 4,500 per sq.ft, which was a decrease of -33% from the previous figure. The value then changed to Rs 3,015 per sq.ft in 2017, reflecting an increase of +49%. The 2023 revision set the value at Rs 4,500 per sq.ft, and the most recent 2024 revision has established it at Rs 4,950 per sq.ft, which is a +10% increase.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +900%, demonstrating significant growth over the years.

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 in this area is Rs 4,400 per sq.ft, making the 2024 figure for Dhandeeswaram 9th Main Road above the median.

Stamp duty and registration fee for property in Dhandeeswaram 9th Main Road

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, totaling 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 details.

Which Sub Registrar Office covers Dhandeeswaram 9th Main Road?

The Sub Registrar Office that covers Dhandeeswaram 9th Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find 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 of property transactions in Velachery. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware of the guideline value to ensure that they comply with the legal requirements during property transactions.

When a property is sold, the guideline value is taken into consideration to assess the appropriate fees. It is essential for both buyers and sellers to understand how the guideline value is calculated and how it affects their financial obligations during the sale process.

Frequently asked questions

What is the current guideline value of Dhandeeswaram 9th Main Road?

The current guideline value of Dhandeeswaram 9th Main Road 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 significantly from Rs 495 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting a total increase of +900% over this period.

What is the stamp duty for property on Dhandeeswaram 9th Main Road?

The stamp duty for property on Dhandeeswaram 9th Main Road is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Dhandeeswaram 9th Main Road?

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

What is the land classification for Dhandeeswaram 9th Main Road?

The land classification for Dhandeeswaram 9th Main Road is Residential Class II Type - I.