Guideline Value for DHARMAPURAM MIAN ROAD

Dharmapuram Mian Road guideline value

The current guideline value of Dharmapuram Mian Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Dharmapuram Mian Road has changed

The guideline value for Dharmapuram Mian Road has seen several revisions over the years. In 2012, the value was recorded at Rs 5,000 per sq.ft. This figure then decreased to Rs 3,350 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 5,000 per sq.ft in 2023, and then further rose to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Dharmapuram Mian Road's 2024 figure below this median.

• Dharmapuram 1,2,3,4,5,6,7,8,9,10 And 11th Street: Rs 4,400 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 Mian Road

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that 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 Dharmapuram Mian Road?

The Sub Registrar Office that covers Dharmapuram Mian Road is 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

When buying or selling property in Tnagar, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which the property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Dharmapuram Mian Road?

The current guideline value of Dharmapuram Mian Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Dharmapuram Mian Road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,95,000, based on the current guideline value of Rs 5,500 per sq.ft.

Which Sub Registrar Office covers Dharmapuram Mian Road?

The Thiyagaraya nagar Sub Registrar Office covers Dharmapuram Mian Road, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the land classification of Dharmapuram Mian Road?

Dharmapuram Mian Road is classified as Residential Class III Type - II, indicating its suitability for residential development.