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Guideline Value

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Guideline Value for Dhandeeswarar Nagar Orandiamman Koil Lane

₹4950/sq.ft.

The guideline value for Dhandeeswarar Nagar Orandiamman Koil 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 Dhandeeswarar Nagar Orandiamman Koil Lane

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Dhandeeswarar Nagar Orandiamman Koil Lane guideline value

The current guideline value for Dhandeeswarar Nagar Orandiamman Koil Lane is Rs 4,950 per sq.ft, effective from 1 July 2024. This lane is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dhandeeswarar Nagar Orandiamman Koil Lane has changed

The guideline value for Dhandeeswarar Nagar Orandiamman Koil Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which saw a decrease to Rs 3,015 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 4,500 per sq.ft, and in the latest 2024 revision, it has risen to Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. The register has no figures 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 with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Dhandeeswarar Nagar Orandiamman Koil Lane above this median.

Stamp duty and registration fee for property in Dhandeeswarar Nagar Orandiamman Koil 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 charges to Rs 4,45,500. Please note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandeeswarar Nagar Orandiamman Koil Lane?

The Sub Registrar Office covering Dhandeeswarar Nagar Orandiamman Koil Lane 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 crucial factor when buying or selling property in Velachery, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair rate, providing transparency and accountability in the real estate market. Buyers and sellers alike must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Dhandeeswarar Nagar Orandiamman Koil Lane?

The current guideline value for Dhandeeswarar Nagar Orandiamman Koil 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 changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

What is the land classification for this lane?

Dhandeeswarar Nagar Orandiamman Koil Lane is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

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

How is stamp duty calculated for properties in this lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 49,50,000, the stamp duty at 7% would be Rs 3,46,500.