Guideline Value for DHARMALINGAM THOTTAM

Dharmalingam Thottam guideline value

The current guideline value of Dharmalingam Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Dharmalingam Thottam has changed

The guideline value of Dharmalingam Thottam has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in 2023, marking a significant change of 49%. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year. The overall increase from 2017 to 2024 is 69%.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. This lack of data indicates that the guideline value was not recorded during those revisions.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Dharmalingam Thottam's 2024 figure below that median.

• Dharmaraja Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Dharmaraja Koil Street & Cross Street: Rs 2,200 per sq.ft (2024)
• Dr.Ambedkar Cross Street (Near Ecr): Rs 1,700 per sq.ft (2024)
• Devaraj Nagar Annexe: Rs 5,000 per sq.ft (2024)
• Devaraj Nagar 4th Cross Street Extension: Rs 5,000 per sq.ft (2024)
• Devaraj Nagar 4th Cross Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmalingam Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. 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 Dharmalingam Thottam?

The Sub Registrar Office that covers Dharmalingam Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Dharmalingam Thottam?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, which is a total increase of 69% over this period.

What are the stamp duty and registration fees for property in Dharmalingam Thottam?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers Dharmalingam Thottam?

The Neelankarai Sub Registrar Office covers Dharmalingam Thottam, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Dharmalingam Thottam?

Dharmalingam Thottam is classified as Residential Class IV Type - I, indicating its suitability for residential development.