Guideline Value for Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention

Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention guideline value

The current guideline value of Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention 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 Rettai Pillaiyar Koil St R.N.N Extention has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft. However, it decreased to Rs 3,015 per sq.ft in the 2017 revision, marking a drop of 33%. The subsequent 2023 revision increased the value to Rs 4,500 per sq.ft, and the latest 2024 revision has raised it further to Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, there has been an overall increase of 10%. The 2017 to 2023 period saw a significant rise of 49%, while the value increased by 10% from 2023 to 2024.

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 in this area is Rs 4,400 per sq.ft, making the 2024 guideline value of Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention above the median.

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

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 cost for these fees to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention?

The Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention falls under 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 in property transactions in Velachery. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher amount. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention?

The current guideline value of Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention 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 undergone several revisions, with the most recent increase of 10% from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024. The value decreased from Rs 4,500 in 2012 to Rs 3,015 in 2017, before rising again in subsequent revisions.

What are the guideline values for other streets in Velachery?

Other streets in Velachery have a guideline value of Rs 4,950 per sq.ft as well, including Dhandeeswarar Nagar Pillaiyar Koil Street, Dhandeeswarar Nagar Telugu Brahmin Street, and others. This shows consistency in the valuation across multiple streets in the area.

How is stamp duty calculated for properties in this area?

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

Where can I find more information about the Sub Registrar Office?

The Velacheri Sub Registrar Office covers Dhandeeswarar Nagar Rettai Pillaiyar Koil St R.N.N Extention. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. More details can be found by using the provided link to find your SRO.