Guideline Value for Dhamodhar Vinayagar Street

Dhamodhar Vinayagar Street guideline value

The current guideline value of Dhamodhar Vinayagar Street is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - I.

How the guideline value of Dhamodhar Vinayagar Street has changed

In the 2007 revision, the guideline value was Rs 800 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in the 2012 revision, marking a 369% increase. However, in the 2017 revision, the value decreased to Rs 2,512 per sq.ft, a drop of 33%. The value then rose to Rs 3,750 per sq.ft in the 2023 revision, representing a 49% increase. The latest revision in 2024 set the guideline value at Rs 4,100 per sq.ft, reflecting a 9% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 413%.

Guideline values in Kodambakkam

Kodambakkam has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Dhamodhar Vinayagar Street's 2024 value below this median.

• Dhamodharan Street: Rs 3,300 per sq.ft (2024)
• Devaraj Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Devarajan Street (JPT): Rs 4,100 per sq.ft (2024)
• Devanathan Colony (W.M): Rs 4,900 per sq.ft (2024)
• Dharman Street: Rs 4,900 per sq.ft (2024)
• Desikar Street (Block 5): Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dhamodhar Vinayagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, and the registration fee at 2% would be Rs 82,000. Together, the total cost for these fees would be Rs 3,69,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Dhamodhar Vinayagar Street?

The Sub Registrar Office covering Dhamodhar Vinayagar Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Dhamodhar Vinayagar Street?

The current guideline value of Dhamodhar Vinayagar Street is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, an overall increase of 413%.

What is the stamp duty for property in Dhamodhar Vinayagar Street?

The stamp duty for property in Dhamodhar Vinayagar Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this street?

The Ashok Nagar Sub Registrar Office handles registrations for Dhamodhar Vinayagar Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values of other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values, with rates ranging from Rs 2,200 to Rs 11,000 per sq.ft. For example, Dhamodharan Street and Devaraj Street (M.G.R.Nagar) are both valued at Rs 3,300 per sq.ft in 2024.