Guideline Value

Corporate

Guideline Value for DHARMARAJAPURAM 1ST MAIN ROAD

₹1100/sq.ft.

The guideline value for Dharmarajapuram 1st Main Road in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dharmarajapuram 1st Main Road

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Dharmarajapuram 1st Main Road guideline value

The current guideline value of Dharmarajapuram 1st Main Road is Rs 1,100 per sq.ft. This road is located in Manapakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class V Type - III.

How the guideline value of Dharmarajapuram 1st Main Road has changed

The guideline value for Dharmarajapuram 1st Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,000 per sq.ft. This value remained until the next revision in 2017, where it decreased to Rs 670 per sq.ft, marking a -33% change. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in the village is Rs 2,530 per sq.ft, which indicates that the 2024 figure for Dharmarajapuram 1st Main Road is below this median.

Stamp duty and registration fee for property in Dharmarajapuram 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharmarajapuram 1st Main Road?

The Dharmarajapuram 1st Main Road falls under 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, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Manapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

During the registration process, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dharmarajapuram 1st Main Road?

The current guideline value of Dharmarajapuram 1st Main Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Dharmarajapuram 1st Main Road?

Dharmarajapuram 1st Main Road is classified as Residential Class V Type - III.

Where can I find the registration office for properties in Dharmarajapuram?

The registration office for properties in Dharmarajapuram 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 Manapakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be 7% of that amount.