Guideline Value

Corporate

Guideline Value for DHARMARAJAPURAM 3RD LANE

₹1100/sq.ft.

The guideline value for Dharmarajapuram 3rd Lane 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹160 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹54 /sq.ft.
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 3rd Lane

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Dharmarajapuram 3rd Lane guideline value

The current guideline value of Dharmarajapuram 3rd Lane 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 3rd Lane has changed

The guideline value for Dharmarajapuram 3rd Lane has seen several revisions over the years. In 2002, the value was Rs 54 per sq.ft, which increased to Rs 160 per sq.ft in 2003, marking a significant rise of 196%. The value continued to grow, reaching Rs 400 per sq.ft in 2007, a 150% increase from the previous revision. By 2012, the value was Rs 1,000 per sq.ft, reflecting a 150% increase from 2007. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, before reaching the current figure of Rs 1,100 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,937%. The register has no figures for revisions in years not listed, ensuring clarity in the historical changes of this street's guideline value.

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. The median guideline value in this area is Rs 2,530 per sq.ft, placing Dharmarajapuram 3rd Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Dharmarajapuram 3rd Lane

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, bringing the total to Rs 99,000. 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 details.

Which Sub Registrar Office covers Dharmarajapuram 3rd Lane?

The Dharmarajapuram 3rd Lane is covered 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. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Dharmarajapuram 3rd Lane?

The current guideline value of Dharmarajapuram 3rd Lane 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 54 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1,937% over this period.

What are the other streets in Manapakkam with the same guideline value?

Other streets in Manapakkam that share the same guideline value of Rs 1,100 per sq.ft in 2024 include Dharmarajapuram 2nd Street Lane, Dharmarajapuram Main Road, Dharmarajapuram 2nd Cross Street, Dharmarajapuram Salai Road, Dharmarajapuram 1st Street (Lane), and Dharmarajapuram 1st Main Road.

Where can I find the Sub Registrar Office for Dharmarajapuram 3rd Lane?

The Sub Registrar Office covering Dharmarajapuram 3rd Lane is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at 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.