Guideline Value for DHARMARAJA KOIL CROSS STREET

Dharmaraja Koil Cross Street guideline value

The current guideline value for Dharmaraja Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Dharmaraja Koil Cross Street has changed

In the 2017 revision, the guideline value for Dharmaraja Koil Cross Street was Rs 1,340 per sq.ft. The latest revision in 2024 has increased this figure to Rs 2,200 per sq.ft, marking a significant increase of 64% over the seven-year period.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Thus, the only revisions with recorded values are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, which is equal to the current value of Dharmaraja Koil Cross Street.

• Dharmalingam Thottam: Rs 1,700 per sq.ft (2024)
• Dharmaraja Koil Street & Cross Street: Rs 2,200 per sq.ft (2024)
• Dr.Ambedkar Cross Street (Near Ecr): Rs 1,700 per sq.ft (2024)
• Dr.Ambedkar Street (Near Ecr): Rs 2,200 per sq.ft (2024)
• Devaraj Nagar Annexe: Rs 5,000 per sq.ft (2024)
• Devaraj Nagar 4th Cross Street Extension: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total costs to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dharmaraja Koil Cross Street?

The Dharmaraja Koil Cross Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial reference for property registration in Sholinganallur - 1. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the prevailing rates in the area. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Dharmaraja Koil Cross Street?

The current guideline value of Dharmaraja Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

Since the last revision in 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of 64%.

What is the land classification for Dharmaraja Koil Cross Street?

Dharmaraja Koil Cross Street falls under the Residential Class II Type - III land classification.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Dharmaraja Koil Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Dharmaraja Koil Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.