Guideline Value for DHAYALU NAGAR MAIN ROAD

Dhayalu Nagar Main Road guideline value

The current Dhayalu Nagar Main Road guideline value is Rs 4,400 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value of Dhayalu Nagar Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 750 per sq.ft. This increased to Rs 824 per sq.ft in 2003, marking a growth of 10%. The value then rose significantly to Rs 1,050 per sq.ft in 2007, which was a 27% increase. In 2012, the value jumped to Rs 4,000 per sq.ft, representing a substantial increase of 281%. However, from 2012 to 2017, there was a decrease to Rs 2,680 per sq.ft, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, showing an increase of 64% from 2017.

It is important to note that there is no figure available for the year 2023 for this street in the register. Overall, from 2002 to 2024, the guideline value has increased by 487%.

Guideline values in Puliyur

In Puliyur village, 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 value for these streets is Rs 5,800 per sq.ft, indicating that the guideline value for Dhayalu Nagar Main Road is below this median.

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

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 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhayalu Nagar Main Road?

The Sub Registrar Office that covers Dhayalu Nagar Main Road 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 details.

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

The guideline value is a crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. Buyers and sellers use this value to assess the financial implications of property transactions, including the calculation of stamp duty and registration fees.

When registering a property, the guideline value serves as a benchmark for the transaction. It ensures transparency and fairness in the registration process, as it prevents undervaluation of properties, thereby safeguarding the interests of the government and the public.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar Main Road?

The current guideline value of Dhayalu Nagar Main Road 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, increasing from Rs 750 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, an overall increase of 487%.

What is the land classification for Dhayalu Nagar Main Road?

Dhayalu Nagar Main Road is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Dhayalu Nagar Main Road?

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

How is the stamp duty calculated for properties in Dhayalu Nagar Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.