Guideline Value for Dhandeeswaram Colony

Dhandeeswaram Colony guideline value

The current guideline value for Dhandeeswaram Colony, located in Velachery village under the Velacheri SRO, is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Dhandeeswaram Colony has changed

The guideline value for Dhandeeswaram Colony has seen significant changes over the years. In 2007, the value was Rs 2,200 per sq.ft, which increased to Rs 3,015 per sq.ft in the 2017 revision, marking a rise of 37%. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, reflecting a substantial increase of 64% from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 125%. The register has no figures for the years 2002, 2003, 2012, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values 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, placing Dhandeeswaram Colony's current value above this median.

• Dhandeeswaram Balaji Nagar: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Extn: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 9th Main Road: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Extn (Kambar Street): Rs 4,950 per sq.ft (2024)
• Dhandeeswaram 9th Cross Street Avenue: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Koil 10th Cross Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram Colony

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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhandeeswaram Colony?

Dhandeeswaram Colony falls under 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 property transactions in Velachery, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Accurate knowledge of these values helps in understanding the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Dhandeeswaram Colony?

The current guideline value of Dhandeeswaram Colony is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 2,200 per sq.ft to Rs 4,950 per sq.ft in 2024, which is an overall increase of 125%.

What are the stamp duty and registration fees for a property in Dhandeeswaram Colony?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which Sub Registrar Office handles registrations for Dhandeeswaram Colony?

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

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, with Dhandeeswaram Colony's value being above this median at Rs 4,950 per sq.ft.