Guideline Value for Dhandeeswaram Main Road

Dhandeeswaram Main Road guideline value

The current guideline value of Dhandeeswaram Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class I Type - III.

How the guideline value of Dhandeeswaram Main Road has changed

The guideline value for Dhandeeswaram Main Road has undergone several revisions over the years. In 2003, the value was Rs 785 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2007, marking a change of +193%. Following this, the value rose to Rs 5,000 per sq.ft in 2012, reflecting an increase of +117%. However, there was a decline to Rs 3,350 per sq.ft in 2017, a decrease of -33%. The most recent revision in 2024 set the value at Rs 5,500 per sq.ft, representing an increase of +64% from 2017. Notably, the register has no figures for the years 2023 and 2002 for this street.

Overall, from 2003 to 2024, the guideline value has increased by +601%. This substantial rise reflects the changing dynamics of the area 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 value for these streets is Rs 4,400 per sq.ft, and Dhandeeswaram Main Road's 2024 figure is above this median.

• Dhandeeswaram Koil 10th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Nagar: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Extn (Kambar Street): Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Nagar 11th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Extn: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Nagar 1st Avenue West: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty is calculated at 7%, resulting in Rs 3,85,000, while the registration fee at 2% comes to Rs 1,10,000. Together, the total cost for these fees would be Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram Main Road?

The Sub Registrar Office covering Dhandeeswaram Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during property transactions in Velachery, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that all transactions are transparent and adhere to the established norms set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dhandeeswaram Main Road?

The current guideline value of Dhandeeswaram Main Road is Rs 5,500 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 785 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of +601% over this period.

What is the registration office for Dhandeeswaram Main Road?

The registration office for Dhandeeswaram Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 5,500 per sq.ft incurs total fees of Rs 4,95,000.

Are there other streets with guideline values in Velachery?

Yes, there are several other streets in Velachery with guideline values. For instance, Dhandeeswaram Koil 10th Cross Street and Dhandeeswaram Nagar both have a guideline value of Rs 4,950 per sq.ft in 2024.