Guideline Value for DHARMARAJA 4TH STREET

Dharmaraja 4th Street guideline value

The current guideline value of Dharmaraja 4th Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dharmaraja 4th Street has changed

The guideline value for Dharmaraja 4th Street has seen several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, and the latest revision in 2024 increased it further to Rs 1,660 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects an increase of 11% in the guideline value.

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 value among these streets is Rs 1,660 per sq.ft, which is the same as the guideline value for Dharmaraja 4th Street.

• Dharmaraja 3rd Street: Rs 1,320 per sq.ft (2024)
• Dharmaraja 5th Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 2nd Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 6th Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 1st Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 7th Street: Rs 1,660 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja 4th Street

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, making the total cost for stamp duty and registration fees 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 detailed calculations.

Which Sub Registrar Office covers Dharmaraja 4th Street?

The Sub Registrar Office that covers Dharmaraja 4th 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 Vanagaram

The guideline value plays a crucial role during property transactions in Vanagaram. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When selling a property, the guideline value is considered to ensure that the sale price aligns with the government’s valuation. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Dharmaraja 4th Street?

The current guideline value of Dharmaraja 4th Street 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 from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What is the land classification of Dharmaraja 4th Street?

Dharmaraja 4th Street is classified as Residential Class III Type - I.

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 property registrations for Dharmaraja 4th Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Dharmaraja 4th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.