Guideline Value for Dhanabal Street

Dhanabal Street guideline value

The current guideline value of Dhanabal Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Dhanabal Street has changed

Over the years, the guideline value of Dhanabal Street has seen several revisions. The 2007 revision set the guideline value at Rs 400 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value decreased to Rs 1,340 per sq.ft, a reduction of 33%. The subsequent revision in 2023 raised the value to Rs 2,000 per sq.ft, followed by the current value of Rs 2,200 per sq.ft in 2024, which is an increase of 10% from the previous year.

It is important to note that there are no figures available for Dhanabal Street for the years 2002 and 2003. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 450%.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which means Dhanabal Street's 2024 figure is below this median.

• Devasahayam Street: Rs 880 per sq.ft (2024)
• Devasahayam Nagar: Rs 880 per sq.ft (2024)
• Devaraj Pillai Street: Rs 4,400 per sq.ft (2024)
• Devaraj Pillai cross Street: Rs 3,300 per sq.ft (2024)
• Dharma Thottam: Rs 2,200 per sq.ft (2024)
• Deivanagar Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanabal Street

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

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanabal Street?

The Sub Registrar Office that covers Dhanabal Street 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 details.

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

The guideline value is a critical factor in the registration of property transactions in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Dhanabal Street?

The current guideline value of Dhanabal Street 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 from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 450% over this period.

What are the stamp duty and registration fees for property in Dhanabal Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Dhanabal Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Dhanabal Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Dhanabal Street?

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