Guideline Value for DHAYALU NAGAR 3RD STREET

Dhayalu Nagar 3rd Street guideline value

The current guideline value of Dhayalu Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Dhayalu Nagar 3rd Street has changed

The guideline value for Dhayalu Nagar 3rd Street has undergone several revisions over the years. Starting from Rs 750 per sq.ft in 2002, it increased to Rs 824 per sq.ft in 2003, marking a 10% rise. The value then saw a modest increase to Rs 900 per sq.ft in 2007, which was a 9% change. A significant jump occurred in 2012 when the value rose to Rs 4,000 per sq.ft, reflecting a 344% increase from the previous figure.

However, from 2012 to 2017, the guideline value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The most recent revision in 2024 brought the value back up to Rs 4,400 per sq.ft, representing a 64% increase from 2017. The register does not have a figure for the year 2023 for this street.

Guideline values in Puliyur

In Puliyur village, there are a total of 648 streets under the Kodambakkam SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Dhayalu Nagar 3rd Street's 2024 figure below that median.

• Dhayalu Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Dhayalu Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, bringing the total cost for these fees 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 more details.

Which Sub Registrar Office covers Dhayalu Nagar 3rd Street?

The Sub Registrar Office that covers Dhayalu Nagar 3rd 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 an essential factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the stamp duty. This ensures that the fees reflect the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 3rd Street?

The current guideline value of Dhayalu Nagar 3rd 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 significantly from Rs 750 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 487% over this period.

What is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, with Dhayalu Nagar 3rd Street's current value being below this median.

What fees are associated with buying property in Dhayalu Nagar 3rd Street?

When purchasing property in Dhayalu Nagar 3rd Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Dhayalu Nagar 3rd Street located?

The Kodambakkam Sub Registrar Office, which covers Dhayalu Nagar 3rd Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.