Guideline Value for Dhamodhara Perumal Colony

Dhamodhara Perumal Colony guideline value

The current guideline value of Dhamodhara Perumal Colony is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dhamodhara Perumal Colony has changed

The guideline value for Dhamodhara Perumal Colony has seen several revisions over the years. In 2002, the value was Rs 417 per sq.ft, which increased to Rs 452 per sq.ft in 2003. The value then rose significantly to Rs 800 per sq.ft in 2007, followed by a substantial jump to Rs 3,500 per sq.ft in 2012. However, this figure dropped to Rs 2,345 per sq.ft in 2017. The value was revised to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,800 per sq.ft.

Between these revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a remarkable 338%, while the value decreased by 33% from 2012 to 2017. The increase from 2003 to 2007 was 77%, and from 2002 to 2003, it was 8%. Overall, from 2002 to 2024, the guideline value has increased by 811%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, which is the same as the guideline value for Dhamodhara Perumal Colony.

• Dhadhan Kuppam Puducherry: Rs 3,800 per sq.ft (2024)
• Devar Street and Extension: Rs 5,500 per sq.ft (2024)
• Dhasan Street: Rs 2,750 per sq.ft (2024)
• Dhenadhayalan Street: Rs 3,800 per sq.ft (2024)
• Damodarapurumal Colony 1 to 5th Street and Cross Street: Rs 3,800 per sq.ft (2024)
• Damodaran Lane & Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dhamodhara Perumal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dhamodhara Perumal Colony?

The Sub Registrar Office that covers Dhamodhara Perumal Colony is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Konnur. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the guideline value is used to ensure that the property is valued fairly according to the prevailing rates in the area. This ensures transparency and helps prevent undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of Dhamodhara Perumal Colony?

The current guideline value of Dhamodhara Perumal Colony is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 417 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, showing an overall increase of 811% over this period.

What are the stamp duty and registration fees for properties in Dhamodhara Perumal Colony?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,42,000.

Which Sub Registrar Office covers Dhamodhara Perumal Colony?

The Konnur Sub Registrar Office covers Dhamodhara Perumal Colony, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification of Dhamodhara Perumal Colony?

Dhamodhara Perumal Colony is classified as Residential Class II Type - I, indicating its designation for residential use within the area.