Guideline Value for DHANHILL GREEN LAND

Dhanhill Green Land guideline value

The current guideline value of Dhanhill Green Land is Rs 102 per sq.ft, effective from 1 July 2024. This property is located in Paleswaram village under the Salavakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Dhanhill Green Land has changed

The guideline value for Dhanhill Green Land has seen several revisions over the years. In 2012, the value was Rs 50 per sq.ft, which increased to Rs 33 per sq.ft in 2017, marking a decrease of 34%. However, from 2017 to 2023, the value rose significantly to Rs 100 per sq.ft, a remarkable increase of 203%. The latest revision in 2024 has set the guideline value at Rs 102 per sq.ft, reflecting a 2% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 104%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Paleswaram

Currently, there are no specific village figures provided for Paleswaram. Dhanhill Green Land is the only street mentioned under the Salavakkam SRO.

Stamp duty and registration fee for property in Dhanhill Green Land

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total to Rs 9,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanhill Green Land?

The Sub Registrar Office that covers Dhanhill Green Land is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paleswaram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Dhanhill Green Land?

The current guideline value of Dhanhill Green Land is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2012 to Rs 33 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Dhanhill Green Land?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 9,180, which includes Rs 7,140 for stamp duty and Rs 2,040 for the registration fee.

Which office handles property registrations for Dhanhill Green Land?

The Salavakkam Sub Registrar Office handles property registrations for Dhanhill Green Land, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the government and is used to calculate the stamp duty and registration fees during property transactions. It is based on various factors and is updated periodically.