Guideline Value for DHARMARAJA KOVIL STREET

Dharmaraja Kovil Street guideline value

The current guideline value of Dharmaraja Kovil Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Dharmaraja Kovil Street has changed

Over the years, the guideline value for Dharmaraja Kovil Street has seen several revisions. The 2007 revision set the value at Rs 60 per sq.ft, which then increased significantly by 1150% to Rs 750 per sq.ft in the 2012 revision. However, from 2012 to 2017, the value decreased by 33% to Rs 502 per sq.ft. The subsequent revisions in 2023 and 2024 maintained the guideline value at Rs 750 per sq.ft, indicating no change between these two years.

The register does not contain figures for the years 2002 and 2003 for Dharmaraja Kovil Street. Overall, from the 2007 revision to the current 2024 revision, there has been a remarkable increase of 1150% in the guideline value.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the 2024 guideline value for Dharmaraja Kovil Street.

• Dharmaraja Kovil Cross St: Rs 750 per sq.ft (2024)
• Dhasappa Ubedhar Street: Rs 750 per sq.ft (2024)
• Dhanalakshmi Nagar Extension-III: Rs 1,200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 750 per sq.ft (2024)
• Dhaksnamoorthy Nagar: Rs 600 per sq.ft (2024)
• Durasamy Naidu St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. 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 information.

Which Sub Registrar Office covers Dharmaraja Kovil Street?

The Sub Registrar Office covering Dharmaraja Kovil Street is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Walajabad. It serves as the minimum value for property registration and is used to calculate stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value helps determine the official sale price for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid based on the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dharmaraja Kovil Street?

The current guideline value of Dharmaraja Kovil Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017. It has remained at Rs 750 per sq.ft since 2012, with no changes between the 2023 and 2024 revisions.

Which office handles property registrations for Dharmaraja Kovil Street?

The Walajabad Sub Registrar Office handles property registrations for Dharmaraja Kovil Street, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500, with an additional registration fee of 2% amounting to Rs 15,000.

How does the guideline value affect property transactions?

The guideline value is used to determine the official sale price for property registration and is essential for calculating stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.