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Guideline Value

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Guideline Value for DHARMARAJ NAGAR 1 TO 4 STREETS

₹1660/sq.ft.

The guideline value for Dharmaraj Nagar 1 To 4 Streets in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹172 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹149 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dharmaraj Nagar 1 To 4 Streets

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Dharmaraj Nagar 1 To 4 Streets guideline value

The current guideline value for Dharmaraj Nagar 1 To 4 Streets is Rs 1,660 per sq.ft, effective from 1 July 2024. This area is located in Vanagaram village and falls under the Chennai South Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Dharmaraj Nagar 1 To 4 Streets has changed

Over the years, the guideline value for Dharmaraj Nagar 1 To 4 Streets has seen significant changes. The earliest recorded figure is from 2002, with a guideline value of Rs 149 per sq.ft. This increased to Rs 172 per sq.ft in 2003, marking a 15% rise. The value then saw substantial growth to Rs 500 per sq.ft in 2007, which represented a 191% increase. By 2012, the guideline value was Rs 1,500 per sq.ft, reflecting a remarkable 200% increase from the previous revision. However, it then decreased to Rs 1,005 per sq.ft in 2017, which was a decline of 33%.

In the subsequent years, the guideline value continued to rise, reaching Rs 1,500 per sq.ft in 2023, which was a 49% increase from the 2017 figure. The latest revision in 2024 has set the guideline value at Rs 1,660 per sq.ft, an increase of 11% from 2023. Notably, there are no figures for any revisions prior to 2002 or after 2024 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,660 per sq.ft, which is equal to the current figure for Dharmaraj Nagar 1 To 4 Streets.

Stamp duty and registration fee for property in Dharmaraj Nagar 1 To 4 Streets

For a 1,000 sq.ft plot at the current rate of Rs 1,660 per sq.ft, the guideline value amounts to Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, totaling Rs 1,49,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dharmaraj Nagar 1 To 4 Streets?

The Dharmaraj Nagar 1 To 4 Streets are covered by 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 Vanagaram

The guideline value plays a crucial role in the registration process when buying or selling property in Vanagaram. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is documented accurately.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Dharmaraj Nagar 1 To 4 Streets?

The current guideline value for Dharmaraj Nagar 1 To 4 Streets is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 149 per sq.ft in 2002 to Rs 1,660 per sq.ft in 2024, reflecting an overall increase of 1014% over this period.

What is the median guideline value for streets in Vanagaram?

The median guideline value for streets in Vanagaram is Rs 1,660 per sq.ft, which is the same as the current figure for Dharmaraj Nagar 1 To 4 Streets.

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

For a property valued at Rs 16,60,000, the stamp duty would be Rs 1,16,200, and the registration fee would be Rs 33,200, totaling Rs 1,49,400.

Which office handles registrations for Dharmaraj Nagar 1 To 4 Streets?

The registrations for Dharmaraj Nagar 1 To 4 Streets are handled by 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.