Guideline Value

Corporate

Guideline Value for Dhandeeswaram Extn

₹4950/sq.ft.

The guideline value for Dhandeeswaram Extn in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Extn

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Dhandeeswaram Extn guideline value

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

How the guideline value of Dhandeeswaram Extn has changed

The guideline value for Dhandeeswaram Extn has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 2,200 per sq.ft. This increased to Rs 3,015 per sq.ft in the 2017 revision, marking a change of +37%. The most recent revision in 2024 saw the guideline value rise to Rs 4,950 per sq.ft, reflecting a significant increase of +64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by +125%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2012, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value 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, indicating that Dhandeeswaram Extn's guideline value is above this median.

Stamp duty and registration fee for property in Dhandeeswaram Extn

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, leading to a total cost of 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram Extn?

The Sub Registrar Office that covers Dhandeeswaram Extn 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Dhandeeswaram Extn?

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

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 2,200 per sq.ft to Rs 4,950 per sq.ft in 2024, reflecting a total increase of +125% over the years.

What is the classification of land in Dhandeeswaram Extn?

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

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, while the registration fee is 2% of the same. For example, for a property valued at Rs 49,50,000, the total fees would amount to Rs 4,45,500.

Where can I find the Sub Registrar Office for Dhandeeswaram Extn?

The Velacheri Sub Registrar Office, which covers Dhandeeswaram Extn, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.