Guideline Value for Dhamodharan Street/Nagar

Dhamodharan Street/Nagar guideline value

The current guideline value of Dhamodharan Street/Nagar in Kadaperi village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Dhamodharan Street/Nagar has changed

The guideline value for Dhamodharan Street/Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,100 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Kadaperi

In Kadaperi village, there are 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Dhamodharan Street/Nagar's 2024 figure below this median.

• Durga Nagar: Rs 1,320 per sq.ft (2024)
• East Street: Rs 880 per sq.ft (2024)
• Electricity Sub Station Street: Rs 1,320 per sq.ft (2024)
• Erikarai 1st Street: Rs 1,650 per sq.ft (2024)
• Erikarai 2nd Street: Rs 1,650 per sq.ft (2024)
• Erikarai 3rd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dhamodharan Street/Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 details.

Which Sub Registrar Office covers Dhamodharan Street/Nagar?

The Sub Registrar Office that covers Dhamodharan Street/Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is registered at a value that reflects the area's market conditions. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Dhamodharan Street/Nagar?

The current guideline value of Dhamodharan Street/Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Dhamodharan Street/Nagar?

Dhamodharan Street/Nagar is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Dhamodharan Street/Nagar?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Dhamodharan Street/Nagar, located at No.26, mes Road, East Tambaram, Chennai-600059.