Guideline Value for DHARMARAJAPURAM 2ND CROSS STREET

Dharmarajapuram 2nd Cross Street guideline value

The current guideline value of Dharmarajapuram 2nd Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Dharmarajapuram 2nd Cross Street has changed

Over the years, the guideline value of Dharmarajapuram 2nd Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, 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 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Dharmarajapuram 2nd Cross Street is below this median.

• Dharmarajapuram 1st Street (Lane): Rs 1,100 per sq.ft (2024)
• Dharmarajapuram 2nd Street Lane: Rs 1,100 per sq.ft (2024)
• Dharmarajapuram 1st Main Road: Rs 1,100 per sq.ft (2024)
• Dharmarajapuram 3rd Lane: Rs 1,100 per sq.ft (2024)
• Dharmarajapuram: Rs 1,100 per sq.ft (2024)
• Dharmarajapuram Main Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmarajapuram 2nd Cross Street

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dharmarajapuram 2nd Cross Street?

The Sub Registrar Office that covers Dharmarajapuram 2nd Cross 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 Manapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Dharmarajapuram 2nd Cross Street?

The current guideline value of Dharmarajapuram 2nd Cross Street 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 2nd Cross Street?

The land classification for Dharmarajapuram 2nd Cross Street is Residential Class V Type - III.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Dharmarajapuram 2nd Cross Street?

The registrations for Dharmarajapuram 2nd Cross Street are handled by 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.