Guideline Value for DHARAMARAJA KOIL STREET

Dharamaraja Koil Street guideline value

The current guideline value of Dharamaraja Koil Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Dharamaraja Koil Street has changed

The guideline value for Dharamaraja Koil Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, it dropped to Rs 670 per sq.ft in the 2017 revision, before rising again to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,110 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 344%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are a total of 109 streets under the Madurandakam SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Dharamaraja Koil Street's 2024 figure above this median.

• Dhanalakshmi Nagar: Rs 660 per sq.ft (2024)
• Dr.ABDULKALAM NAGAR EXTENSION: Rs 770 per sq.ft (2024)
• Chinna Colony Sengunthar Pettai: Rs 660 per sq.ft (2024)
• Erikkarai Street: Rs 555 per sq.ft (2024)
• Chelliamman Nagar: Rs 715 per sq.ft (2024)
• Car Steet: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Dharamaraja Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total cost for these fees to Rs 99,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharamaraja Koil Street?

The Sub Registrar Office that covers Dharamaraja Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Dharamaraja Koil Street?

The current guideline value of Dharamaraja Koil Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 250 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, marking an overall increase of 344% over the years.

What is the land classification for Dharamaraja Koil Street?

Dharamaraja Koil Street is classified as Residential Special Type - I, which is important for understanding the type of properties that can be developed in this area.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 99,900.

Where can I find the Sub Registrar Office for Dharamaraja Koil Street?

The Madurandakam Sub Registrar Office covers Dharamaraja Koil Street and is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.