Guideline Value for Dhandeeswaram Nagar

Dhandeeswaram Nagar guideline value

The current guideline value of Dhandeeswaram Nagar is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Dhandeeswaram Nagar has changed

The guideline value for Dhandeeswaram Nagar has seen significant changes over the years. The oldest revision available is from 2017, where the value was Rs 3,015 per sq.ft. The most recent revision in 2024 has increased this figure to Rs 4,950 per sq.ft, marking a change of +64% from the 2017 revision.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The only figures we have are from the 2017 and 2024 revisions.

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 in this area is Rs 4,400 per sq.ft, placing Dhandeeswaram Nagar's 2024 figure above this median.

• Dhandeeswaram Main Road: Rs 5,500 per sq.ft (2024)
• Dhandeeswaram Nagar 11th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Koil 10th Cross Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Nagar 1st Avenue West: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Extn (Kambar Street): Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Nagar 1st Main Road Avenue: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswaram Nagar

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, making the total Rs 4,45,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswaram Nagar?

The Sub Registrar Office that covers Dhandeeswaram Nagar 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 is a critical factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that both buyers and sellers are aware of the official valuation set by the government.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhandeeswaram Nagar?

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

How much has the guideline value changed over the years?

The guideline value increased from Rs 3,015 per sq.ft in 2017 to Rs 4,950 per sq.ft in 2024, reflecting a change of +64%.

Are there any revisions with no figures for Dhandeeswaram Nagar?

Yes, the register has no figures for Dhandeeswaram Nagar for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for Dhandeeswaram Nagar?

The registration office for Dhandeeswaram Nagar 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 Dhandeeswaram Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.