Guideline Value for DHANAM NAGAR PALLI EXTENSION 1ST CROSS STREET

Dhanam Nagar Palli Extension 1st Cross Street guideline value

The current guideline value of Dhanam Nagar Palli Extension 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Dhanam Nagar Palli Extension 1st Cross Street has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. With the latest revision in 2024, the value increased to Rs 1,650 per sq.ft, marking a 10% increase from the previous figure.

It is important to note that the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only revisions with recorded figures are from 2012 and 2024.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Dhanam Nagar Palli Extension 1st Cross Street.

• Dhanam Nagar Palli 3rd Street: Rs 1,650 per sq.ft (2024)
• Dhanam Nagar Palli Road: Rs 1,650 per sq.ft (2024)
• Dhanam Nagar Palli 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Dhanam Nagar: Rs 1,650 per sq.ft (2024)
• Dhanm Nagar 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Dhanm Nagar 2nd Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanam Nagar Palli Extension 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhanam Nagar Palli Extension 1st Cross Street?

The Dhanam Nagar Palli Extension 1st Cross Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Pallikaranai, as it helps determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. It ensures that both parties are aware of the financial obligations involved in the transaction, based on the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Dhanam Nagar Palli Extension 1st Cross Street?

The current guideline value of Dhanam Nagar Palli Extension 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Pallikaranai?

The median guideline value for the streets in Pallikaranai is Rs 1,650 per sq.ft. Dhanam Nagar Palli Extension 1st Cross Street's 2024 figure matches this median value.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Dhanam Nagar Palli Extension 1st Cross Street?

The Sub Registrar Office covering Dhanam Nagar Palli Extension 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.