Guideline Value for DHANRAJA NAGAR

Dhanraja Nagar guideline value

The current guideline value of Dhanraja Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Dhanraja Nagar has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure decreased to Rs 419 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft. The 2023 revision maintained the same value, with no change to Rs 626 per sq.ft in the 2024 revision, resulting in a 0% change between these two years. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current guideline value of Dhanraja Nagar.

• Deva&co/ Deva Nagar: Rs 626 per sq.ft (2024)
• December Poo Street: Rs 626 per sq.ft (2024)
• Empire Avenue: Rs 626 per sq.ft (2024)
• Empire City Part-I -To -IV: Rs 626 per sq.ft (2024)
• Gaingai Main Street/ Street: Rs 626 per sq.ft (2024)
• Ganapathy Street: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanraja Nagar

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. 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 Dhanraja Nagar?

The Sub Registrar Office that covers Dhanraja Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process.

When you buy or sell property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction complies with local regulations.

Frequently asked questions

What is the current guideline value of Dhanraja Nagar?

The current guideline value of Dhanraja Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 625 per sq.ft in 2012, dropping to Rs 419 per sq.ft in 2017, and then rising back to Rs 626 per sq.ft in 2023 and 2024.

What is the registration office for Dhanraja Nagar?

The registration office for Dhanraja Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for property in Dhanraja Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 43,820 based on the current guideline value.

What land classification is Dhanraja Nagar?

Dhanraja Nagar falls under the land classification of Residential Class II Type - III, indicating its designation for residential purposes.