Guideline Value for DHANASEKARAN STREET (RAJA NAICKEN G

Dhanasekaran Street (Raja Naicken G guideline value

The current guideline value of Dhanasekaran Street (Raja Naicken G) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Dhanasekaran Street (Raja Naicken G has changed

The guideline value for Dhanasekaran Street has seen significant changes over the years. In 2002, the guideline value was Rs 589 per sq.ft, which increased to Rs 737 per sq.ft in 2003, marking a 25% rise. The value then rose to Rs 1,100 per sq.ft in 2007, a 49% increase. Following this, the value surged to Rs 4,000 per sq.ft in 2012, reflecting a substantial 264% growth. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, an increase of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 647%. There are no years in the register with no figure for this street.

Guideline values in Saidapet

Saidapet village has a total of 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of Dhanasekaran Street.

• Devu Naidu Street: Rs 3,300 per sq.ft (2024)
• Deewan Bashyam Iyengar Street: Rs 4,400 per sq.ft (2024)
• Deewan Bashyam Garden Street: Rs 4,400 per sq.ft (2024)
• Customs Colony: Rs 4,950 per sq.ft (2024)
• Duraisamy Garden Street: Rs 3,300 per sq.ft (2024)
• Duraisamy Naicken Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanasekaran Street (Raja Naicken G

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanasekaran Street (Raja Naicken G?

The Sub Registrar Office that covers Dhanasekaran Street is the Chennai South Joint II 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 is a crucial factor during the registration of property transactions in Saidapet. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling a property, the guideline value helps determine the official value of the property for registration purposes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Dhanasekaran Street?

The current guideline value of Dhanasekaran Street (Raja Naicken G) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 589 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 647%.

What is the land classification for Dhanasekaran Street?

Dhanasekaran Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Dhanasekaran Street?

The Sub Registrar Office for Dhanasekaran Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Dhanasekaran Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.