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Guideline Value

Corporate

Guideline Value for Dhandeeswaram Nagar Rajambal Street

₹4950/sq.ft.

The guideline value for Dhandeeswaram Nagar Rajambal Street 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 Rajambal Street

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Dhandeeswaram Nagar Rajambal Street guideline value

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

How the guideline value of Dhandeeswaram Nagar Rajambal Street has changed

The guideline value for Dhandeeswaram Nagar Rajambal Street has seen several revisions over the years. In 2012, the value was Rs 4,500 per sq.ft, which then decreased to Rs 3,015 per sq.ft in 2017. This represented a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,500 per sq.ft, marking a 49% rise. The latest revision in 2024 set the value at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 is Rs 4,400 per sq.ft, placing the guideline value of Dhandeeswaram Nagar Rajambal Street above this median.

Stamp duty and registration fee for property in Dhandeeswaram Nagar Rajambal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to 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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswaram Nagar Rajambal Street?

The Dhandeeswaram Nagar Rajambal Street is covered by 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 is a crucial factor when registering a property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhandeeswaram Nagar Rajambal Street?

The current guideline value of Dhandeeswaram Nagar Rajambal 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 3,015 per sq.ft in 2017, then increased to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

What are the other streets in Velachery with the same guideline value?

Other streets in Velachery with a guideline value of Rs 4,950 per sq.ft include Dhandeeswaram Nagar Pasupathy Street, Dhandeeswaram (Thiruvalluvar Street), Dhandeeswaram Nagar Pasupathy Lane, Dhandeeswarar Nagar Bajanaikoil Street, Dhandeeswaram Nagar Main Road, and Dhandeeswarar Nagar Brahmin Street.

What is the registration fee for properties in Dhandeeswaram Nagar Rajambal Street?

The registration fee for properties in Dhandeeswaram Nagar Rajambal Street is 2% of the guideline value. For example, for a property valued at Rs 49,50,000, the registration fee would be Rs 99,000.

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

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