Guideline Value for DHARMARAJA KOIL STREET WARD-4

Dharmaraja Koil Street Ward-4 guideline value

The current guideline value for Dharmaraja Koil Street Ward-4 is Rs 2,750 per sq.ft. This street is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Dharmaraja Koil Street Ward-4 has changed

The guideline value for Dharmaraja Koil Street Ward-4 has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then dropped to Rs 1,675 per sq.ft in the 2017 revision, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a 49% rise. The latest revision in 2024 has further raised the guideline value to Rs 2,750 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the current value for Dharmaraja Koil Street Ward-4 above this median.

• D.P. Road: Rs 1,650 per sq.ft (2024)
• Desigar Koil Sannathi Ward-2: Rs 3,520 per sq.ft (2024)
• Court Compound Ward-1: Rs 2,200 per sq.ft (2024)
• Easwaran Koil Ward No -4: Rs 4,400 per sq.ft (2024)
• Chunnambukara Street-4: Rs 2,200 per sq.ft (2024)
• Chinna Rathinam Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja Koil Street Ward-4

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Dharmaraja Koil Street Ward-4?

The Sub Registrar Office that covers Dharmaraja Koil Street Ward-4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers and sellers should ensure that they refer to the most current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Dharmaraja Koil Street Ward-4?

The current guideline value for Dharmaraja Koil Street Ward-4 is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Dharmaraja Koil Street Ward-4?

The land classification for Dharmaraja Koil Street Ward-4 is Residential Special Type - II.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for this street?

The Chengleput Joint II Sub Registrar Office handles registrations for Dharmaraja Koil Street Ward-4, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.