Guideline Value for DHANM NAGAR 1ST CROSS STREET

Dhanm Nagar 1st Cross Street guideline value

The current guideline value of Dhanm Nagar 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Dhanm Nagar 1st Cross Street has changed

The guideline value for Dhanm Nagar 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then decreased to Rs 1,005 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the guideline value to Rs 1,650 per sq.ft, representing a 64% increase from the 2017 figure and a 10% overall increase from the 2012 figure.

There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. This lack of data means that the changes in guideline value during those years remain unspecified.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that have a guideline value for 2024, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which matches the current guideline value for Dhanm Nagar 1st Cross Street.

• Dhanm Nagar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Dharmalingam Nagar: Rs 1,320 per sq.ft (2024)
• Dharmalingam Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Dhanam Nagar Palli Road: Rs 1,650 per sq.ft (2024)
• Dhanam Nagar Palli Extension 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Dhanam Nagar Palli 3rd Street: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanm Nagar 1st Cross Street?

The Sub Registrar Office that covers Dhanm Nagar 1st Cross 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted transparently and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Dhanm Nagar 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,650 per sq.ft in 2024.

What are the other streets in Pallikaranai with similar guideline values?

Other streets in Pallikaranai with a guideline value of Rs 1,650 per sq.ft include Dhanm Nagar 2nd Cross Street, Dhanam Nagar Palli Road, Dhanam Nagar Palli Extension 1st Cross Street, and Dhanam Nagar Palli 3rd Street.

Where can I find the registration office for Dhanm Nagar 1st Cross Street?

The registration office for Dhanm Nagar 1st Cross 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.

How is stamp duty calculated for properties in Pallikaranai?

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 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.