Guideline Value for Bandala Dhanammal Road

Bandala Dhanammal Road guideline value

The current guideline value of Bandala Dhanammal Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Egmore village under the Periamet SRO, classified as Residential Class I Type - II.

How the guideline value of Bandala Dhanammal Road has changed

Starting from the 2007 revision, the guideline value was Rs 4,000 per sq.ft. This figure increased significantly to Rs 10,000 per sq.ft in 2012, marking a 150% rise. However, from 2012 to 2017, the value decreased to Rs 6,700 per sq.ft, which represented a decline of 33%. The 2017 revision saw a substantial increase to Rs 10,000 per sq.ft in 2023, a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, placing Bandala Dhanammal Road's 2024 figure above this median.

• Bandala chitti Babu NaiduStreet: Rs 13,500 per sq.ft (2024)
• Bank Street: Rs 11,000 per sq.ft (2024)
• Basha Sahib 1st lane: Rs 7,100 per sq.ft (2024)
• Basha Sahib 2nd lane: Rs 7,100 per sq.ft (2024)
• Basha Sahib IIIrd Lane: Rs 3,900 per sq.ft (2024)
• Batcha Sahib street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bandala Dhanammal Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, making the total Rs 9,90,000. It is important to note that 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 Bandala Dhanammal Road?

The Sub Registrar Office that covers Bandala Dhanammal Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a key factor in the registration process when buying or selling property in Egmore. 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.

When engaging in property transactions, it is essential to understand that the guideline value can influence the overall cost of registration. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for the associated fees.

Frequently asked questions

What is the current guideline value of Bandala Dhanammal Road?

The current guideline value of Bandala Dhanammal Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 4,000 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 175%.

What is the registration fee for properties on Bandala Dhanammal Road?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,10,00,000, the registration fee would be Rs 2,20,000.

Where is the Sub Registrar Office located for Bandala Dhanammal Road?

The Sub Registrar Office for Bandala Dhanammal Road is located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Egmore?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the costs associated with property transactions are appropriately accounted for.