Guideline Value for Dhandeeswaram Extn (Kambar Street)

Dhandeeswaram Extn (Kambar Street) guideline value

The current guideline value of Dhandeeswaram Extn (Kambar Street) is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Dhandeeswaram Extn (Kambar Street) has changed

The guideline value for Dhandeeswaram Extn (Kambar Street) has undergone several revisions over the years. The oldest recorded revision was in 2017, where the guideline value was Rs 3,015 per sq.ft. Following the 2017 revision, the guideline value increased by 64% to Rs 4,950 per sq.ft in the 2024 revision.

There are no recorded figures for this street in the revisions of 2023, 2012, 2007, 2003, and 2002.

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, placing Dhandeeswaram Extn (Kambar Street) above that median.

• Dhandeeswaram Extn: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Koil 10th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Colony: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Main Road: Rs 5,500 per sq.ft (2024)
• Dhandeeswaram Balaji Nagar: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Nagar: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram Extn (Kambar 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, 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 information.

Which Sub Registrar Office covers Dhandeeswaram Extn (Kambar Street)?

The Dhandeeswaram Extn (Kambar Street) 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 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 when buying or selling property in Velachery. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used for calculating the applicable duties. This ensures that both the buyer and seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value for Dhandeeswaram Extn (Kambar Street)?

The current guideline value for Dhandeeswaram Extn (Kambar Street) is Rs 4,950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, rising from Rs 3,015 per sq.ft to Rs 4,950 per sq.ft in 2024.

Are there any revisions without figures for Dhandeeswaram Extn?

Yes, the revisions for the years 2023, 2012, 2007, 2003, and 2002 have no recorded figures for Dhandeeswaram Extn (Kambar Street).

What classification does Dhandeeswaram Extn fall under?

Dhandeeswaram Extn is classified as Residential Class II Type - I, indicating its designation for residential use.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, and is responsible for property registrations in this area.