Guideline Value for DHANAPAL CHETTY STREET

Dhanapal Chetty Street guideline value

The current guideline value of Dhanapal Chetty Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Dhanapal Chetty Street has changed

The guideline value for Dhanapal Chetty Street has undergone several revisions over the years. In 2002, the guideline value was Rs 634 per sq.ft, which increased to Rs 730 per sq.ft in 2003, marking a 15% rise. By 2007, the value further increased to Rs 1,100 per sq.ft, representing a 51% change. The 2012 revision saw a significant jump to Rs 2,500 per sq.ft, which was a 127% increase from the previous figure. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a 33% drop. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 raised it to Rs 2,750 per sq.ft, marking a 10% increase.

There are no figures available for the years not mentioned in this summary. The overall increase in guideline value from 2002 to 2024 is 334%.

Guideline values in Saidapet

In Saidapet, there are 52 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. Dhanapal Chetty Street's 2024 guideline value is below this median.

• Deewan Bashyam Iyengar Lane / Street: Rs 3,300 per sq.ft (2024)
• Jayaram Chetty Street: Rs 5,500 per sq.ft (2024)
• Jones Road: Rs 8,250 per sq.ft (2024)
• Annadurai Street: Rs 3,300 per sq.ft (2024)
• Kamarajar Street: Rs 3,300 per sq.ft (2024)
• Amma Kannamma Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanapal Chetty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhanapal Chetty Street?

The Sub Registrar Office that covers Dhanapal Chetty 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. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Saidapet. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that are payable at the time of registration.

Frequently asked questions

What is the current guideline value of Dhanapal Chetty Street?

The current guideline value of Dhanapal Chetty Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 634 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 334% over this period.

What is the registration office for Dhanapal Chetty Street?

The registration office for Dhanapal Chetty 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.

What are the stamp duty and registration fees for properties in Dhanapal Chetty Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 27,50,000, leading to a total cost of Rs 2,47,500 for stamp duty and registration fees combined.

Where can I find more information about the guideline values in Saidapet?

You can find more information about the guideline values in Saidapet by visiting the relevant sections on the Tamil Nadu Registration Department's website or through the links provided for other streets in Saidapet.