Guideline Value for DHANASEKARAN 1ST CROSS STREET

Dhanasekaran 1st Cross Street guideline value

The current guideline value of Dhanasekaran 1st Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Dhanasekaran 1st Cross Street has changed

The guideline value has undergone several revisions over the years. In 2002, the value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 1,300 per sq.ft in 2007, reflecting a 49% change. Following this, the value jumped to Rs 5,300 per sq.ft in 2012, showing a remarkable increase of 308%.

From 2012 to 2017, the guideline value decreased to Rs 3,551 per sq.ft, indicating a 33% drop. The value rose again to Rs 5,300 per sq.ft in 2023, and then reached the current figure of Rs 5,800 per sq.ft in 2024, marking a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 630%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value range from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Dhanasekaran 1st Cross Street's 2024 figure matches this median value.

• Dhanasekaran Street: Rs 6,300 per sq.ft (2024)
• Dhanakotiammal Street: Rs 7,100 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)
• Dhayalu Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Dhayalu Nagar Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanasekaran 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total to Rs 5,22,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanasekaran 1st Cross Street?

The Dhanasekaran 1st Cross Street falls under 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 property registration in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of the transaction.

When buying or selling property, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. It is essential to be aware of the current guideline value to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Dhanasekaran 1st Cross Street?

The current guideline value of Dhanasekaran 1st Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 795 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 630% over the years.

What is the registration fee for property in Dhanasekaran 1st Cross Street?

The registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 58,00,000, the registration fee would be Rs 1,16,000.

Where is the Sub Registrar Office for Dhanasekaran 1st Cross Street located?

The Kodambakkam Sub Registrar Office, which covers Dhanasekaran 1st Cross Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What other streets in Puliyur have guideline values?

Other streets in Puliyur under the Kodambakkam SRO include Dhanasekaran Street at Rs 6,300 per sq.ft, Dhanakotiammal Street at Rs 7,100 per sq.ft, and various Dhayalu Nagar streets at Rs 4,400 per sq.ft.