Guideline Value for DREAM CASTLE

Dream Castle guideline value

The current guideline value of Dream Castle, located in Erandankattalai village under the Pammal SRO, is Rs 3,695 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Dream Castle has changed

In the 2017 revision, the guideline value for Dream Castle was Rs 2,250 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased significantly to Rs 3,695 per sq.ft, marking a 64% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Erandankattalai

Erandankattalai village features 60 streets under the Pammal SRO, with guideline values ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Dream Castle's 2024 figure above that median.

• Dr. Ambedkar Street/Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Eden Garden Phase I & II: Rs 1,650 per sq.ft (2024)
• Everest Garden: Rs 1,100 per sq.ft (2024)
• Everest Garden Extn: Rs 1,100 per sq.ft (2024)
• Everest Garden - I: Rs 1,100 per sq.ft (2024)
• Everest Garden - II: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dream Castle

For a 1,000 sq.ft plot at the current guideline value of Rs 3,695 per sq.ft, the total guideline value amounts to Rs 36,95,000. The stamp duty, charged at 7%, would be Rs 2,58,650, and the registration fee at 2% would be Rs 73,900, bringing the total cost for these fees to Rs 3,32,550. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dream Castle?

The Sub Registrar Office that covers Dream Castle is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Erandankattalai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dream Castle?

The current guideline value of Dream Castle is Rs 3,695 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 64% from Rs 2,250 per sq.ft in 2023 to Rs 3,695 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for Dream Castle in 2017 was Rs 2,250 per sq.ft, which remained unchanged until the 2024 revision.

What is the median guideline value in Erandankattalai?

The median guideline value in Erandankattalai is Rs 1,100 per sq.ft, which is lower than the current guideline value of Dream Castle.

Where is the Sub Registrar Office for Dream Castle located?

The Sub Registrar Office for Dream Castle is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.