Guideline Value for DHAYALU NAGAR 2ND STREET

Dhayalu Nagar 2nd Street guideline value

The current guideline value of Dhayalu Nagar 2nd Street is Rs 4,400 per sq.ft. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Dhayalu Nagar 2nd Street has changed

The guideline value for Dhayalu Nagar 2nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 750 per sq.ft, which increased to Rs 824 per sq.ft in 2003, marking a 10% rise. The value saw a modest increase to Rs 900 per sq.ft in 2007, followed by a significant jump to Rs 4,000 per sq.ft in 2012, representing a 344% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%.

In 2023, the guideline value was revised to Rs 4,000 per sq.ft, and in the latest revision effective from 1 July 2024, it has increased to Rs 4,400 per sq.ft, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 487%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Dhayalu Nagar 2nd Street's 2024 figure below that median.

• Dhayalu Nagar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be 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, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhayalu Nagar 2nd Street?

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

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

The guideline value is a crucial factor when buying or selling property in Puliyur, as it determines the minimum value at which a property can be registered. During the registration process, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions within the area, providing a standardized approach to property valuation.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 2nd Street?

The current guideline value of Dhayalu Nagar 2nd 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 this period.

What is the land classification for Dhayalu Nagar 2nd Street?

The land classification for Dhayalu Nagar 2nd Street is Residential Class IV Type - II.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Dhayalu Nagar 2nd Street located?

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