Guideline Value for DHARGA ROAD

Dharga Road guideline value

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

How the guideline value of Dharga Road has changed

The guideline value for Dharga Road has undergone significant changes over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +133%.

This substantial increase reflects the latest valuation adjustments. The 2024 figure of Rs 700 per sq.ft aligns with the median guideline value for other streets in Ponneri, which ranges from Rs 201 to Rs 1,200 per sq.ft.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value. The median value is Rs 700 per sq.ft, and Dharga Road's 2024 figure matches this median. Below are other streets in Ponneri with their respective guideline values:

• Dharani Nagar: 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 Dharga Road

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to 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 higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharga Road?

Dharga Road falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ponneri. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately in the official register. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Dharga Road?

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

How has the guideline value changed over the years?

The guideline value for Dharga Road increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, marking a change of +133%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land on Dharga Road?

Dharga Road is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty rates applicable to Dharga Road?

The stamp duty rate applicable to properties in Dharga Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dharga Road located?

The Ponneri Sub Registrar Office, which covers Dharga Road, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.