Guideline Value for DHARANI NAGAR

Dharani Nagar guideline value

The current guideline value of Dharani Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Dharani Nagar has changed

The guideline value for Dharani Nagar has undergone several revisions over the years. The register does not provide any figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show a significant increase from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, marking a change of +133%.

Prior to the 2023 revision, the last recorded value was Rs 300 per sq.ft. The increase from 2023 to 2024 reflects the current valuation trends for this street, aligning it with the median guideline value of Rs 700 per sq.ft for Ponneri.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value for Dharani Nagar. Below are the guideline values for other streets in Ponneri:

• Dharga Road: Rs 700 per sq.ft (2024)
• Dharmalinga Mudali Street: Rs 900 per sq.ft (2024)
• DHEVATTAMMAN KOVIL 1st STREET: Rs 700 per sq.ft (2024)
• DHEVATTAMMAN KOVIL 2nd STREET: Rs 700 per sq.ft (2024)
• DHEVATTAMMAN KOVIL 3rd STREET: Rs 700 per sq.ft (2024)
• Dhevattamman Kovil Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Dharani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Dharani Nagar?

Dharani Nagar falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the guideline value helps in assessing the financial obligations of both the buyer and the seller. It is essential for all parties involved to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dharani Nagar?

The current guideline value of Dharani Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dharani Nagar increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, reflecting a change of +133%. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Dharani Nagar?

Dharani Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Dharani Nagar?

The stamp duty is charged at 7%, and the registration fee is charged at 2% on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees would amount to Rs 63,000.

Where can I find the Sub Registrar Office for Dharani Nagar?

The Ponneri Sub Registrar Office covers Dharani Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.