Guideline Value for Dhandeeswarar Nagar Bajanaikoil Street

Dhandeeswarar Nagar Bajanaikoil Street guideline value

The current guideline value of Dhandeeswarar Nagar Bajanaikoil 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 Dhandeeswarar Nagar Bajanaikoil Street has changed

The guideline value for Dhandeeswarar Nagar Bajanaikoil Street has seen several revisions over the years. The 2012 revision set the guideline value at Rs 4,500 per sq.ft, which was then reduced to Rs 3,015 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the increase was 49%. Overall, from 2012 to 2024, the guideline value has increased by 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 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, making the 2024 figure for Dhandeeswarar Nagar Bajanaikoil Street above this median.

• Dhandeeswaram (Thiruvalluvar Street): Rs 4,950 per sq.ft (2024)
• Dhandeeswarar Nagar Brahmin Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Nagar Rajambal Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswarar Nagar Mettu Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswaram Nagar Pasupathy Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswarar Nagar Orandiamman Koil I Avenue: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswarar Nagar Bajanaikoil 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 be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhandeeswarar Nagar Bajanaikoil Street?

The Sub Registrar Office that covers Dhandeeswarar Nagar Bajanaikoil 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 further assistance.

How the guideline value is used when you buy or sell in Velachery

The guideline value is a critical factor when registering property in Velachery. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for transactions. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Dhandeeswarar Nagar Bajanaikoil Street?

The current guideline value of Dhandeeswarar Nagar Bajanaikoil 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 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 street?

Dhandeeswarar Nagar Bajanaikoil Street is classified as Residential Class II Type - I.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available on our site.

Which office handles the registration for this street?

The registration for Dhandeeswarar Nagar Bajanaikoil Street is handled by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.