Guideline Value for Dhamodharan Nagar

Dhamodharan Nagar guideline value

The current guideline value of Dhamodharan Nagar, located in Hastinapuram village under the Pallavaram SRO, is Rs 2,970 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dhamodharan Nagar has changed

Over the years, the guideline value of Dhamodharan Nagar has seen significant changes. The 2007 revision set the value at Rs 400 per sq.ft, which increased dramatically to Rs 2,700 per sq.ft in the 2012 revision, marking a rise of 575%. However, the value dropped to Rs 1,809 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision brought the value up to Rs 2,700 per sq.ft, and the most recent 2024 revision has further increased it to Rs 2,970 per sq.ft, representing a 10% increase from the previous year.

The guideline value register does not provide figures for the years 2002 and 2003 for Dhamodharan Nagar. Overall, from 2007 to 2024, the guideline value has increased by 643%.

Guideline values in Hastinapuram

In Hastinapuram village, there are 277 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value is Rs 2,970 per sq.ft, which is the same as the current guideline value for Dhamodharan Nagar.

• Chitlapakkam Main Road: Rs 4,400 per sq.ft (2024)
• Chilapathikaram Street: Rs 3,850 per sq.ft (2024)
• East Mosque Street: Rs 1,650 per sq.ft (2024)
• Chandrika Garden: Rs 1,650 per sq.ft (2024)
• Erikarai Street: Rs 1,650 per sq.ft (2024)
• Buthar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dhamodharan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, while the registration fee at 2% would be Rs 59,400. Together, the total cost for stamp duty and registration fee would be Rs 2,67,300. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Dhamodharan Nagar?

The Sub Registrar Office that covers Dhamodharan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer purchases property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance and accurate financial planning during the registration process.

Frequently asked questions

What is the current guideline value of Dhamodharan Nagar?

The current guideline value of Dhamodharan Nagar is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, marking an overall increase of 643%.

What is the classification of land in Dhamodharan Nagar?

Dhamodharan Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Dhamodharan Nagar?

The Sub Registrar Office for Dhamodharan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated in Dhamodharan Nagar?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 29,70,000 would incur a stamp duty of Rs 2,07,900 and a registration fee of Rs 59,400.