Guideline Value for DHARGA ROAD

Dharga Road guideline value

The current guideline value of Dharga Road in Thirusulam village is Rs 1,940 per sq.ft, effective from 1 July 2024. This falls under the Pallavaram 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 seen several revisions over the years. In the 2012 revision, the value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. The value increased significantly by 49% to Rs 1,800 per sq.ft in the 2023 revision, and further rose by 8% to the current rate of Rs 1,940 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The changes between the revisions highlight a fluctuating trend, particularly with the notable increase from 2017 to 2023 and the subsequent rise to 2024.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value is Rs 1,940 per sq.ft, which is equal to the current guideline value of Dharga Road.

• Easwaran Koil Street: Rs 1,100 per sq.ft (2024)
• Ellupai Thoppu Street: Rs 2,200 per sq.ft (2024)
• Ellupai Thoppu Street 1 To 4 Streets: Rs 2,200 per sq.ft (2024)
• Chennai Harbour Officers Colony 1 To 4 Streets: Rs 1,940 per sq.ft (2024)
• Erikarai Street: Rs 1,940 per sq.ft (2024)
• Govt Group House 1 To 4 Streets: Rs 1,940 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 1,940 per sq.ft, the total guideline value amounts to Rs 19,40,000. The stamp duty at 7% would be Rs 1,35,800, and the registration fee at 2% would be Rs 38,800, bringing the total to Rs 1,74,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharga Road?

The Dharga Road falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirusulam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Dharga Road?

The current guideline value of Dharga Road is Rs 1,940 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,940 per sq.ft in 2024.

What is the land classification for Dharga Road?

Dharga Road is classified as Residential Class II Type - I under the Pallavaram SRO.

Where can I find the Sub Registrar Office for Dharga Road?

The Sub Registrar Office covering Dharga Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thirusulam?

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 19,40,000, the stamp duty at 7% would be Rs 1,35,800.