Guideline Value for DARMARAJA KOIL ROAD

Darmaraja Koil Road guideline value

The current guideline value of Darmaraja Koil Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in Karapakkam village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Darmaraja Koil Road has changed

The guideline value for Darmaraja Koil Road has seen several revisions over the years. In 2007, the guideline value was Rs 513 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The value rose significantly to Rs 1,000 per sq.ft in 2023 and is now Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, decreased by 33% from 2012 to 2017, and increased by 95% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 114%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Darmaraja Koil Road is below this median.

• Crystal: Rs 8,500 per sq.ft (2024)
• Chockalingam Garden: Rs 1,100 per sq.ft (2024)
• Dharmalingam Garden / Ponnusamy Garden: Rs 1,100 per sq.ft (2024)
• Dharmaraja Avenue: Rs 5,300 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 1,100 per sq.ft (2024)
• D.H.K.Ath K.Kumar Garden: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Darmaraja Koil Road

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 be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making a total of Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Darmaraja Koil Road?

The Sub Registrar Office covering Darmaraja Koil Road 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 Karapakkam

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

When registering a property transaction, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Darmaraja Koil Road?

The current guideline value of Darmaraja Koil Road 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 changed from Rs 513 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between, including a significant 49% increase from 2017 to 2023.

What is the land classification for Darmaraja Koil Road?

Darmaraja Koil Road is classified as Residential Class III Type - I under the Neelankarai SRO.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a plot valued at Rs 11,00,000, the total fees would be Rs 99,000.

Where can I find the Sub Registrar Office for Darmaraja Koil Road?

The Neelankarai Sub Registrar Office covers Darmaraja Koil Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.