Guideline Value

Corporate

Guideline Value for Dhandeeswaram Nagar Pasupathy Lane

₹4950/sq.ft.

The guideline value for Dhandeeswaram Nagar Pasupathy Lane in Velachery village (Velacheri SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. 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 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
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 Pasupathy Lane

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Dhandeeswaram Nagar Pasupathy Lane guideline value

The current guideline value of Dhandeeswaram Nagar Pasupathy Lane is Rs 4,950 per sq.ft, effective from 1 July 2024. This lane 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 Pasupathy Lane has changed

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 3,015 per sq.ft. Following this, the value increased significantly to Rs 4,500 per sq.ft in the 2023 revision, and then rose again to Rs 4,950 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. When considering the overall change from 2012 to 2024, there has been a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 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. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Dhandeeswaram Nagar Pasupathy Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Dhandeeswaram Nagar Pasupathy Lane

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 to Rs 4,45,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhandeeswaram Nagar Pasupathy Lane?

The Sub Registrar Office that covers Dhandeeswaram Nagar Pasupathy Lane 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 crucial factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements and to avoid potential legal issues.

When a property is sold, the registration office uses the guideline value to calculate applicable fees, including stamp duty. This ensures that all transactions are recorded accurately and transparently within the official registry.

Frequently asked questions

What is the current guideline value of Dhandeeswaram Nagar Pasupathy Lane?

The current guideline value of Dhandeeswaram Nagar Pasupathy Lane 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 seen several changes, starting from Rs 4,500 per sq.ft in 2012, dropping to Rs 3,015 per sq.ft in 2017, and then increasing to Rs 4,500 per sq.ft in 2023, before reaching Rs 4,950 per sq.ft in 2024.

What is the land classification for Dhandeeswaram Nagar Pasupathy Lane?

The land classification for Dhandeeswaram Nagar Pasupathy Lane is Residential Class II Type - I.

Where can I find the registration office for this area?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,46,500.