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Guideline Value

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Guideline Value for Dhandeeswaram Nagar 4th Avenue West 1st Cross Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram Nagar 4th Avenue West 1st Cross Street 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 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Nagar 4th Avenue West 1st Cross Street

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Dhandeeswaram Nagar 4th Avenue West 1st Cross Street guideline value

The current guideline value for Dhandeeswaram Nagar 4th Avenue West 1st Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street 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 Nagar 4th Avenue West 1st Cross Street has changed

The guideline value for Dhandeeswaram Nagar 4th Avenue West 1st Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2002, 2003, 2007, and 2017, but the register has no figure for this street in those years. In 2012, the guideline value was Rs 4,500 per sq.ft. This was followed by the latest revision in 2024, where the guideline value increased to Rs 4,950 per sq.ft, marking a 10% increase from the 2012 figure.

With the 2024 revision, the guideline value has risen significantly, reflecting the ongoing changes in the real estate landscape. The 2024 figure of Rs 4,950 per sq.ft is now established as the current rate for this street.

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, with a median value of Rs 4,400 per sq.ft. The guideline value for Dhandeeswaram Nagar 4th Avenue West 1st Cross Street is above this median.

Stamp duty and registration fee for property in Dhandeeswaram Nagar 4th Avenue West 1st Cross 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, while the registration fee at 2% would be Rs 99,000, bringing the total to 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Dhandeeswaram Nagar 4th Avenue West 1st Cross Street?

The Sub Registrar Office that covers Dhandeeswaram Nagar 4th Avenue West 1st Cross Street 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 during the registration process of property transactions in Velachery. It serves as a basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value for Dhandeeswaram Nagar 4th Avenue West 1st Cross Street?

The current guideline value for Dhandeeswaram Nagar 4th Avenue West 1st Cross Street 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 from Rs 4,500 per sq.ft in 2012 to Rs 4,950 per sq.ft in 2024, which is a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the land classification for this street?

The land classification for Dhandeeswaram Nagar 4th Avenue West 1st Cross Street is Residential Class II Type - I. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for this property?

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

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office covers Dhandeeswaram Nagar 4th Avenue West 1st Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.