Guideline Value for DANIS HOTEL PROPERTIES

Danis Hotel Properties guideline value

The current guideline value for Danis Hotel Properties is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Danis Hotel Properties has changed

The guideline value for Danis Hotel Properties has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. The most significant change occurred between 2017 and 2023, with a 49% increase, while the 2012 to 2017 period saw a decrease of 33%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, indicating that the current value for Danis Hotel Properties is below this median.

• David Garden: Rs 1,100 per sq.ft (2024)
• Colony Gangaiamman Koil Street (E.C.R.): Rs 2,800 per sq.ft (2024)
• Dhamodharam Garden: Rs 1,100 per sq.ft (2024)
• Dhanalakshmi Garden: Rs 1,100 per sq.ft (2024)
• Dhanasekaran Garden: Rs 1,100 per sq.ft (2024)
• Chengani Amman Koil West Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Danis Hotel Properties

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Danis Hotel Properties?

The Sub Registrar Office that covers Danis Hotel Properties is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Danis Hotel Properties?

The current guideline value for Danis Hotel Properties is Rs 1,100 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 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024.

What is the land classification for Danis Hotel Properties?

Danis Hotel Properties is classified as Residential Class III Type - I.

Where can I find the registration office for Danis Hotel Properties?

The registration office for Danis Hotel Properties is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 99,000.