Guideline Value for DHANA GARDEN

Dhana Garden guideline value

The current guideline value of Dhana Garden, located in Kolumanivakkam village under the Kunrathur SRO, is Rs 1,350 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Dhana Garden has changed

Since the 2012 revision, the guideline value for Dhana Garden has seen various changes. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,350 per sq.ft, reflecting a 13% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median value is Rs 1,350 per sq.ft, which is equal to the guideline value of Dhana Garden.

• Charles Nagar: Rs 1,350 per sq.ft (2024)
• Eswari Nagar: Rs 2,630 per sq.ft (2024)
• Eswari Nagar Extension: Rs 2,630 per sq.ft (2024)
• Golden City: Rs 1,210 per sq.ft (2024)
• Hari Sai Nagar: Rs 3,290 per sq.ft (2024)
• Ashwathi Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dhana Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value amounts to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, making the total charges Rs 1,21,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhana Garden?

The Sub Registrar Office that covers Dhana Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kolumanivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is officially documented and taxed appropriately.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These charges are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhana Garden?

The current guideline value of Dhana Garden is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,350 per sq.ft in 2024.

What is the land classification of Dhana Garden?

The land classification for Dhana Garden is Mixed Special Type - I.

Where can I find the registration office for Dhana Garden?

The registration office for Dhana Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Dhana Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 94,500.