Guideline Value for DHARMAMBAL STREET

Dharmambal Street guideline value

The current guideline value of Dharmambal Street in Thiruvanmiyur village is Rs 7,150 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Dharmambal Street has changed

The guideline value for Dharmambal Street has undergone several revisions over the years. In 2002, the value was Rs 835 per sq.ft, which increased to Rs 924 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,300 per sq.ft in 2007, and then saw a remarkable increase to Rs 6,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft. The most recent revisions show an increase to Rs 6,500 per sq.ft in 2023 and a further rise to Rs 7,150 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 756% from 2002 to 2024. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Dharmambal Street's 2024 figure below that median.

• District Boag Road: Rs 11,000 per sq.ft (2024)
• Dhanalakshmi Avenue: Rs 7,150 per sq.ft (2024)
• Devendra Nagar: Rs 7,150 per sq.ft (2024)
• Duraisamy Street: Rs 7,150 per sq.ft (2024)
• East Coastal Road: Rs 12,650 per sq.ft (2024)
• East Mada Veethi: Rs 7,160 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmambal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dharmambal Street?

The Sub Registrar Office that covers Dharmambal Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thiruvanmiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dharmambal Street?

The current guideline value of Dharmambal Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 835 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, marking an overall increase of 756% over this period.

What is the classification of land on Dharmambal Street?

Dharmambal Street is classified as Residential Class IV Type - I under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Where can I find the Sub Registrar Office for Dharmambal Street?

The Sub Registrar Office for Dharmambal Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.