Guideline Value for DHARSINI NAGAR

Dharsini Nagar guideline value

The current guideline value of Dharsini Nagar, located in Seethalamangalam village under the Madurandakam SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Mixed Type - I land classification.

How the guideline value of Dharsini Nagar has changed

The guideline value for Dharsini Nagar has seen several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Dharsini Nagar in the guideline value register.

Guideline values in Seethalamangalam

In Seethalamangalam, there are five streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 300 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value for Dharsini Nagar.

• J.P. Roberts Residency: Rs 300 per sq.ft (2024)
• Sai Dhanalakshmi Nagar: Rs 101 per sq.ft (2024)
• Varalakshmi Garden & Extension: Rs 300 per sq.ft (2024)
• Victory Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Dharsini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty is charged at 7%, amounting to Rs 21,000, while the registration fee is 2%, which is Rs 6,000. Together, the total charges would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dharsini Nagar?

The Sub Registrar Office that covers Dharsini Nagar 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Seethalamangalam. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning for these additional costs.

When registering a property, the guideline value serves as a benchmark for the transaction value. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Dharsini Nagar?

The current guideline value of Dharsini Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a drop to Rs 201 per sq.ft in 2017, before returning to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification of Dharsini Nagar?

Dharsini Nagar is classified as Mixed Type - I according to the land classification regulations.

Where can I find the Sub Registrar Office for Dharsini Nagar?

The Sub Registrar Office for Dharsini Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated in Dharsini Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000, resulting in a stamp duty of Rs 21,000.