Guideline Value for DHARMARAJA 6TH STREET

Dharmaraja 6th Street guideline value

The current guideline value of Dharmaraja 6th Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dharmaraja 6th Street has changed

The guideline value of Dharmaraja 6th Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,500 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,660 per sq.ft, marking an 11% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

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 is Rs 1,660 per sq.ft, which is the same as the current guideline value for Dharmaraja 6th Street.

• Dharmaraja 5th Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 7th Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 4th Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 3rd Street: Rs 1,320 per sq.ft (2024)
• Dharmaraja 2nd Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 1st Street: Rs 1,660 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,660 per sq.ft, the guideline value would be Rs 16,60,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dharmaraja 6th Street?

The Sub Registrar Office that covers Dharmaraja 6th 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vanagaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both buyers and sellers should be aware that the guideline value will affect the overall cost of the transaction. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dharmaraja 6th Street?

The current guideline value of Dharmaraja 6th 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What is the classification of land in Dharmaraja 6th Street?

Dharmaraja 6th Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property 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 Dharmaraja 6th Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Dharmaraja 6th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.