Guideline Value for Darma Raja Kovil Street

Darma Raja Kovil Street guideline value

The current guideline value of Darma Raja Kovil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Periyapalayam village and falls under the Arani_Tiruvallur SRO, classified as Residential Class II Type - I.

How the guideline value of Darma Raja Kovil Street has changed

The guideline value for Darma Raja Kovil Street has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, it then decreased to Rs 167 per sq.ft in 2017. The 2023 revision maintained the value at Rs 250 per sq.ft, and the latest revision in 2024 continues this figure, reflecting no percentage change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 150%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Periyapalayam

In Periyapalayam village, there are 31 streets under the Arani_Tiruvallur SRO that have a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with a median of Rs 200 per sq.ft. The guideline value for Darma Raja Kovil Street is above this median.

• Danduma Nagar: Rs 200 per sq.ft (2024)
• B.V.S.Vasantham Nagar: Rs 200 per sq.ft (2024)
• Eswaran Koil Street: Rs 600 per sq.ft (2024)
• Bazzar Street: Rs 600 per sq.ft (2024)
• J.H. Nagar Annex: Rs 600 per sq.ft (2024)
• Kakkanji Nagar: Rs 160 per sq.ft (2024)

Stamp duty and registration fee for property in Darma Raja Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, together totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Darma Raja Kovil Street?

The Sub Registrar Office that covers Darma Raja Kovil Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Periyapalayam. It serves as a benchmark for determining the stamp duty and registration fees required during the transaction.

When a property is registered, the guideline value is used to assess the applicable duties, ensuring that the fees reflect the official valuation of the property as per the latest revisions in the register.

Frequently asked questions

What is the current guideline value of Darma Raja Kovil Street?

The current guideline value of Darma Raja Kovil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 100 per sq.ft in 2007, rising to Rs 250 per sq.ft in 2012, dropping to Rs 167 per sq.ft in 2017, and returning to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Darma Raja Kovil Street?

Darma Raja Kovil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,50,000, the total fees would amount to Rs 22,500.

Which office handles registrations for this street?

The Arani_Tiruvallur Sub Registrar Office handles registrations for Darma Raja Kovil Street, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.