Guideline Value for Dhandeeswarar Nagar Pillaiyar Koil Street

Dhandeeswarar Nagar Pillaiyar Koil Street guideline value

The current guideline value of Dhandeeswarar Nagar Pillaiyar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street 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 Dhandeeswarar Nagar Pillaiyar Koil Street has changed

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This figure decreased to Rs 3,015 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,500 per sq.ft, an increase of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

The revisions for the years 2002, 2003, and 2007 have no figure listed for Dhandeeswarar Nagar Pillaiyar Koil Street in the register.

Guideline values in Velachery

In Velachery, there are a total of 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 in this area is Rs 4,400 per sq.ft, making the 2024 figure for Dhandeeswarar Nagar Pillaiyar Koil Street above the median.

• Dhandeeswarar Nagar Orandiamman Koil Lane: Rs 4,950 per sq.ft (2024)
• Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention: Rs 4,950 per sq.ft (2024)
• Dhandeeswarar Nagar Orandiamman Koil I Avenue: Rs 4,950 per sq.ft (2024)
• Dhandeeswarar Nagar Telugu Brahmin Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswarar Nagar Mettu Street: Rs 4,950 per sq.ft (2024)
• Dhandeeswarar Nagar Brahmin Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandeeswarar Nagar Pillaiyar Koil Street

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 cost for these fees Rs 4,45,500. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Dhandeeswarar Nagar Pillaiyar Koil Street?

The Sub Registrar Office that covers Dhandeeswarar Nagar Pillaiyar Koil Street 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 when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration fees and stamp duties are calculated based on this value.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dhandeeswarar Nagar Pillaiyar Koil Street?

The current guideline value of Dhandeeswarar Nagar Pillaiyar Koil 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 seen several revisions, with the most recent increase being from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, a change of 10%. From 2017 to 2023, it increased by 49% from Rs 3,015 per sq.ft to Rs 4,500 per sq.ft.

What is the land classification for this street?

Dhandeeswarar Nagar Pillaiyar Koil Street is classified as Residential Class II Type - I. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for property transactions?

For a property valued at 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, totaling Rs 4,45,500 in fees. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for this area?

The Velacheri Sub Registrar Office handles registrations for Dhandeeswarar Nagar Pillaiyar Koil Street. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.