Guideline Value for Dhakshinamoorthi nagar

Dhakshinamoorthi nagar guideline value

The current guideline value of Dhakshinamoorthi nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dhakshinamoorthi nagar has changed

Over the years, the guideline value of Dhakshinamoorthi nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 900%. However, from 2012 to 2017, the value decreased by 33% to Rs 1,340 per sq.ft. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the most recent revision in 2024 increased it by 10% to the current rate of Rs 2,200 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 1000%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, which aligns with the current figure for Dhakshinamoorthi nagar.

• Dharmaraja koil street: Rs 2,200 per sq.ft (2024)
• CRM nagar: Rs 2,200 per sq.ft (2024)
• Churchcross Street: Rs 2,200 per sq.ft (2024)
• DRR nagar: Rs 2,740 per sq.ft (2024)
• Durga nagar: Rs 2,200 per sq.ft (2024)
• Chinnaraj Nagar: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Dhakshinamoorthi nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhakshinamoorthi nagar?

The Sub Registrar Office that covers Dhakshinamoorthi nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Poonthamallee. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the buyer and seller must consider the guideline value for calculating the stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction and comply with the legal requirements set by the state.

Frequently asked questions

What is the current guideline value of Dhakshinamoorthi nagar?

The current guideline value of Dhakshinamoorthi nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024. The most notable change was a 900% increase from 2007 to 2012.

What are the stamp duty rates for properties in Dhakshinamoorthi nagar?

The stamp duty rate for properties in Dhakshinamoorthi nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Dhakshinamoorthi nagar?

The Sub Registrar Office for Dhakshinamoorthi nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Dhakshinamoorthi nagar?

Dhakshinamoorthi nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.