Guideline Value for DHANAKOTIAMMAL STREET

Dhanakotiammal Street guideline value

The current guideline value of Dhanakotiammal Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - II.

How the guideline value of Dhanakotiammal Street has changed

The guideline value for Dhanakotiammal Street has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 1,047 per sq.ft. In 2003, it increased to Rs 1,150 per sq.ft, marking a 10% rise. The value continued to rise, reaching Rs 2,100 per sq.ft in 2007, which was an 83% increase from the previous year. The 2012 revision saw the value at Rs 6,500 per sq.ft, a substantial increase of 210% from 2007. However, it then dropped by 33% to Rs 4,355 per sq.ft in 2017.

The 2023 revision set the guideline value at Rs 6,500 per sq.ft, which was a 49% increase from 2017. The latest revision in 2024 has raised the value to Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year. There are no figures available for the revisions in years other than those listed.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Dhanakotiammal Street's 2024 figure above this median.

• Dhanasekaran 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Dhanasekaran Street: Rs 6,300 per sq.ft (2024)
• Deivasigamani 2nd Street: Rs 3,800 per sq.ft (2024)
• Deivasigamani 1st Street: Rs 3,800 per sq.ft (2024)
• Dhayalu Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Dhayalu Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanakotiammal Street

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. It is important to note that the 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 Dhanakotiammal Street?

The Sub Registrar Office that covers Dhanakotiammal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. Buyers and sellers should be aware that the guideline value is set by the Registration Department and can change periodically.

Frequently asked questions

What is the current guideline value of Dhanakotiammal Street?

The current guideline value of Dhanakotiammal Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,047 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 578% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Dhanakotiammal Street's current value being above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 6,39,000.

Where is the Sub Registrar Office for Dhanakotiammal Street located?

The Sub Registrar Office for Dhanakotiammal Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.