Guideline Value for DHAYALU NAGAR 1ST STREET

Dhayalu Nagar 1st Street guideline value

The current guideline value of Dhayalu Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Dhayalu Nagar 1st Street has changed

The guideline value for Dhayalu Nagar 1st Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 750 per sq.ft. This increased to Rs 824 per sq.ft in 2003, marking a 10% rise. In 2007, the value jumped significantly to Rs 900 per sq.ft, an increase of 9%. The value then rose dramatically to Rs 4,000 per sq.ft in 2012, reflecting a 344% increase. However, this value decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The guideline value then increased to Rs 4,000 per sq.ft in 2023, followed by a further increase to the current value of Rs 4,400 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 487%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Dhayalu Nagar 1st Street's 2024 figure below this median.

• Dhayalu Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Dhayalu Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Dhayalu Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Dhanasekaran Street: Rs 6,300 per sq.ft (2024)
• Dhanasekaran 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Dhanakotiammal Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dhayalu Nagar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Dhayalu Nagar 1st Street?

The Sub Registrar Office that covers Dhayalu Nagar 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the property registration process in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during property transactions. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the necessary fees, and it is essential for both parties to agree on the sale price that is at least equal to or greater than this value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 1st Street?

The current guideline value of Dhayalu Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 487% over the years.

What is the land classification for Dhayalu Nagar 1st Street?

Dhayalu Nagar 1st Street is classified as Residential Class IV Type - II under the Kodambakkam SRO.

How is stamp duty calculated for properties in Dhayalu Nagar 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a guideline value of Rs 44,00,000, leading to a stamp duty of Rs 3,08,000.

Where is the Sub Registrar Office for Dhayalu Nagar 1st Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.