Guideline Value for DHARMAPURAM 1,2,3,4,5,6,7,8,9,10 AND 11TH STREET

Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street guideline value

The current guideline value for Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - III.

How the guideline value of Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street has changed

The guideline value for Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,680 per sq.ft. In 2023, the value increased to Rs 4,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, making the current value for Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street below the median.

• Dharmapuram Mian Road: Rs 5,500 per sq.ft (2024)
• Drivers Colony: Rs 4,400 per sq.ft (2024)
• Dr. Nair Road: Rs 22,000 per sq.ft (2024)
• Deenadayalu Street: Rs 11,000 per sq.ft (2024)
• Dr. Sadasivam Street: Rs 13,200 per sq.ft (2024)
• Dr. Sambasivarm Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street?

The Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street is covered by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider the guideline value as it directly impacts the financial obligations associated with the transaction.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street?

The current guideline value for Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for this street?

Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street is classified as Residential Class III Type - III, indicating its suitability for residential purposes.

Where can I find the Thiyagaraya nagar Sub Registrar Office?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the stamp duty would be Rs 3,08,000.