Guideline Value for DHARMALINGA MUDALI STREET

Dharmalinga Mudali Street guideline value

The current guideline value of Dharmalinga Mudali Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village under the Ponneri SRO, classified as Residential Class I Type - I.

How the guideline value of Dharmalinga Mudali Street has changed

In the 2023 revision, the guideline value for Dharmalinga Mudali Street was Rs 300 per sq.ft. The latest revision in 2024 saw a significant increase of 200%, bringing the guideline value to Rs 900 per sq.ft. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

This change reflects a substantial rise in the guideline value from the previous year, indicating a notable adjustment in property valuation for this area.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Dharmalinga Mudali Street's 2024 figure above this median.

• Dharga Road: Rs 700 per sq.ft (2024)
• Dharani Nagar: Rs 700 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 Dharmalinga Mudali Street

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dharmalinga Mudali Street?

The Sub Registrar Office that covers Dharmalinga Mudali Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable taxes and fees, ensuring a standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value of Dharmalinga Mudali Street?

The current guideline value of Dharmalinga Mudali Street is Rs 900 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 900 per sq.ft in 2024, marking a 200% increase.

What is the classification of Dharmalinga Mudali Street?

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

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For a property valued at Rs 9,00,000, the total fees would amount to Rs 81,000.

Where can I find the Sub Registrar Office for Dharmalinga Mudali Street?

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