Guideline Value for DHARMARAJA KOIL STREET & CROSS STREET

Dharmaraja Koil Street & Cross Street guideline value

The current guideline value of Dharmaraja Koil Street & 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. The land classification for this area is Residential Class II Type - III.

How the guideline value of Dharmaraja Koil Street & Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. The recent 2024 revision has increased this to Rs 2,200 per sq.ft, marking a significant change of +64% over the seven-year period. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2017 revision, there are no available figures for the guideline value of Dharmaraja Koil Street & Cross Street in the register. The current value of Rs 2,200 per sq.ft aligns with the median guideline value for the 754 streets in Sholinganallur - 1, which also stands at Rs 2,200 per sq.ft for 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. This places Dharmaraja Koil Street & Cross Street at the median value for 2024.

• Dharmaraja Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Dharmalingam Thottam: Rs 1,700 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)
• Drift Wood Avenue: Rs 4,400 per sq.ft (2024)
• Devaraj Nagar Annexe: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja Koil Street & 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Koil Street & Cross Street?

The Dharmaraja Koil Street & Cross Street falls under 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 plays a crucial role during the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This value is essential for maintaining transparency and consistency in property transactions within the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Dharmaraja Koil Street & Cross Street?

Dharmaraja Koil Street & Cross Street is classified as Residential Class II Type - III, which indicates the nature of development allowed in this area.

What are the other streets in Sholinganallur - 1 with their guideline values?

Other streets in Sholinganallur - 1 have varying guideline values, with Dharmaraja Koil Cross Street also at Rs 2,200 per sq.ft. Other streets include Dharmalingam Thottam at Rs 1,700 per sq.ft, Dr.Ambedkar Cross Street (Near Ecr) at Rs 1,700 per sq.ft, Dr.Ambedkar Street (Near Ecr) at Rs 2,200 per sq.ft, Drift Wood Avenue at Rs 4,400 per sq.ft, and Devaraj Nagar Annexe at Rs 5,000 per sq.ft.

How is stamp duty calculated for properties in Dharmaraja Koil Street & Cross Street?

Stamp duty for properties in Dharmaraja Koil Street & Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,54,000.