Guideline Value for DHANAKODI RAJA STREET

Dhanakodi Raja Street guideline value

The current guideline value of Dhanakodi Raja Street is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dhanakodi Raja Street has changed

The guideline value for Dhanakodi Raja Street has seen several revisions over the years. In 2002, the value was Rs 373 per sq.ft, which increased to Rs 430 per sq.ft in 2003. Following this, the value rose significantly to Rs 900 per sq.ft in 2007, and then to Rs 4,200 per sq.ft in 2012. However, it dropped to Rs 2,814 per sq.ft in 2017 before climbing again to Rs 4,200 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 4,620 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1139%. The register has no figure for Dhanakodi Raja Street for the years not mentioned.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value is Rs 4,620 per sq.ft, which is equal to the current figure for Dhanakodi Raja Street.

• Dhanapal Street: Rs 3,080 per sq.ft (2024)
• Defence Colony Road: Rs 6,600 per sq.ft (2024)
• Damodaran Street: Rs 3,080 per sq.ft (2024)
• Duraiswamy Street: Rs 4,620 per sq.ft (2024)
• Chinnanathamman Street: Rs 3,520 per sq.ft (2024)
• Cart Track Road: Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanakodi Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value would be Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, totaling Rs 4,15,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanakodi Raja Street?

The Sub Registrar Office covering Dhanakodi Raja Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a fair value. This helps in maintaining transparency in property transactions and ensuring that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Dhanakodi Raja Street?

The current guideline value of Dhanakodi Raja Street is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 373 per sq.ft in 2002 to Rs 4,620 per sq.ft in 2024, marking an overall increase of 1139% over this period.

What is the registration office for Dhanakodi Raja Street?

The registration office for Dhanakodi Raja Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the stamp duty and registration fees for property in Dhanakodi Raja Street?

For a property valued at Rs 46,20,000, the stamp duty would be Rs 3,23,400 and the registration fee would be Rs 92,400, totaling Rs 4,15,800.

Where can I find more information about stamp duty calculations?

You can find more information and use the calculator for stamp duty and registration fees by visiting the stamp duty and registration fee calculator.