Guideline Value for DHARGA STREET

Dharga Street guideline value

The current guideline value of Dharga Street is Rs 800 per sq.ft, as per the 2023 revision. This street is located in Kovalam village, under the Thiruporur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dharga Street has changed

The guideline value for Dharga Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 250 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 220% rise. However, the 2017 revision saw a decrease to Rs 536 per sq.ft, a drop of 33%. The latest revision in 2023 restored the value to Rs 800 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 220%. It is important to note that there are no figures available for the 2024, 2003, and 2002 revisions for this street.

Guideline values in Kovalam

Currently, there are no specific village figures provided for Kovalam. Dharga Street's guideline value stands at Rs 800 per sq.ft, reflecting its status in the area.

Stamp duty and registration fee for property in Dharga Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dharga Street?

The Dharga Street falls under the Thiruporur Sub Registrar Office located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kovalam, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their property dealings.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the costs involved in the transaction. This value serves as a benchmark for property transactions in the area, providing a standardized measure for property valuation.

Frequently asked questions

What is the current guideline value of Dharga Street?

The current guideline value of Dharga Street is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the land classification for Dharga Street?

Dharga Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property on Dharga Street?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000.

Where is the Sub Registrar Office for Dharga Street located?

The Sub Registrar Office covering Dharga Street is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.