Guideline Value for DHARMARAJA KOIL STREET

Dharmaraja Koil Street guideline value

The current guideline value of Dharmaraja Koil Street is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Karunguzhi village, under the Madurandakam SRO, and is classified as Mixed Type - I land.

How the guideline value of Dharmaraja Koil Street has changed

In the 2007 revision, the guideline value was Rs 60 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a remarkable increase of 567%. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, reflecting a decline of 33%. The 2017 revision saw a rise to Rs 400 per sq.ft in 2023, followed by a minor increase to Rs 401 per sq.ft in 2024, which represents a 0% change between 2023 and 2024. The register has no figures for the years 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 568%. The changes between the revisions highlight the fluctuations in property values over the years.

Guideline values in Karunguzhi

In Karunguzhi, there are 37 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 401 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 401 per sq.ft, which is the same as the 2024 figure for Dharmaraja Koil Street.

• East Pillayar Koil Street: Rs 401 per sq.ft (2024)
• Eri Colony: Rs 401 per sq.ft (2024)
• Brammanar Street: Rs 401 per sq.ft (2024)
• Bazaar Street: Rs 600 per sq.ft (2024)
• Gnananbigai Pettai: Rs 501 per sq.ft (2024)
• Gnangrishwaranpettai: Rs 600 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 401 per sq.ft, the total guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, making the total cost for these fees Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharmaraja Koil Street?

The Sub Registrar Office that covers Dharmaraja Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property, as it determines the amount of stamp duty and registration fees payable during the transaction. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. It is essential for both buyers and sellers to understand how this value affects their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Dharmaraja Koil Street?

The current guideline value of Dharmaraja Koil Street is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 60 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, showing an overall increase of 568% over the years.

What is the land classification for Dharmaraja Koil Street?

Dharmaraja Koil Street is classified as Mixed Type - I land under the Madurandakam SRO.

What are the registration fees for a property in Dharmaraja Koil Street?

The registration fees include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Dharmaraja Koil Street is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.