Guideline Value for Dhandeeswarar Nagar Telugu Brahmin Street

Dhandeeswarar Nagar Telugu Brahmin Street guideline value

The current guideline value of Dhandeeswarar Nagar Telugu Brahmin 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. It is classified as Residential Class II Type - I.

How the guideline value of Dhandeeswarar Nagar Telugu Brahmin Street has changed

The guideline value for Dhandeeswarar Nagar Telugu Brahmin Street has seen several revisions over the years. In the 2012 revision, the value was Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,500 per sq.ft in 2023, and then rose again to Rs 4,950 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 have no figures available for this street in the register.

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 for these streets is Rs 4,400 per sq.ft, placing the 2024 value of Dhandeeswarar Nagar Telugu Brahmin Street above this median.

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

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

Which Sub Registrar Office covers Dhandeeswarar Nagar Telugu Brahmin Street?

The Dhandeeswarar Nagar Telugu Brahmin Street 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dhandeeswarar Nagar Telugu Brahmin Street?

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

How has the guideline value changed over the years?

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 increased 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 Telugu Brahmin Street is classified as Residential Class II Type - I.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in this area?

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