Guideline Value for DHARMARAJA KOIL STREET

Dharmaraja Koil Street guideline value

The current guideline value of Dharmaraja Koil 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, classified as Residential Class III Type - I.

How the guideline value of Dharmaraja Koil Street has changed

Over the years, the guideline value of Dharmaraja Koil Street has seen several revisions. 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. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and most recently, it rose to Rs 1,660 per sq.ft in 2024, marking an 11% increase from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have 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 equal to the current guideline value of Dharmaraja Koil Street.

• Dharmaraja Main Road: Rs 1,660 per sq.ft (2024)
• Dharmaraja Nagar: Rs 1,320 per sq.ft (2024)
• Dharmaraja 7th Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 6th Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 5th Street: Rs 1,660 per sq.ft (2024)
• Dharmaraja 4th Street: Rs 1,660 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total 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, bringing the total to Rs 1,49,400. It is important to note that the 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?

The Sub Registrar Office that covers Dharmaraja Koil 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 is a crucial factor when buying or selling property in Vanagaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed and documented according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Dharmaraja Koil Street?

The current guideline value of Dharmaraja Koil 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 land classification of Dharmaraja Koil Street?

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

Where can I find the Sub Registrar Office for Dharmaraja Koil Street?

The Sub Registrar Office for Dharmaraja Koil 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.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,60,000 would incur a stamp duty of Rs 1,16,200 at 7%.