Guideline Value for DHANDAPANI NAGAR

Dhandapani Nagar guideline value

The current guideline value of Dhandapani Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Thiruvellvoyal village and falls under the Ponneri SRO. The land classification for this street is Residential Class III Type - V.

How the guideline value of Dhandapani Nagar has changed

The guideline value for Dhandapani Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which increased to Rs 100 per sq.ft in the 2017 revision. Following this, the value was revised to Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating a 100% increase from 2017 to 2023 and no change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%. The consistent value of Rs 200 per sq.ft in the recent revisions reflects the current market conditions for this street.

Guideline values in Thiruvellvoyal

In Thiruvellvoyal, there are 12 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Dhandapani Nagar's 2024 figure aligns with this median.

• Chelliyamman Nagar: Rs 200 per sq.ft (2024)
• Gowtham Nagar: Rs 200 per sq.ft (2024)
• Annai Rathnamani Nagar Ext: Rs 200 per sq.ft (2024)
• Annai Rathnamani Nagar: Rs 200 per sq.ft (2024)
• Radha Mudaliar Nagar: Rs 200 per sq.ft (2024)
• Sai Sudha Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhandapani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Dhandapani Nagar?

Dhandapani Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvellvoyal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for pricing. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their transaction.

Frequently asked questions

What is the current guideline value of Dhandapani Nagar?

The current guideline value of Dhandapani Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, with a significant jump from Rs 100 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What other streets have similar guideline values in Thiruvellvoyal?

Other streets in Thiruvellvoyal, such as Chelliyamman Nagar and Gowtham Nagar, also have a guideline value of Rs 200 per sq.ft as of 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dhandapani Nagar located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, which covers Dhandapani Nagar.