Guideline Value for Dhanakotti Raja Street

Dhanakotti Raja Street guideline value

The current guideline value of Dhanakotti Raja Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dhanakotti Raja Street has changed

The guideline value for Dhanakotti Raja Street has undergone several revisions since 2007. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a 75% rise. However, it then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value saw a significant increase to Rs 3,500 per sq.ft in 2023, which was a 49% rise from the previous revision. Most recently, the guideline value was revised to Rs 3,900 per sq.ft in 2024, reflecting an 11% increase from 2023.

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 95%.

Guideline values in Nandhambakkam

In Nandhambakkam, there are 76 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the 2024 guideline value of Dhanakotti Raja Street.

• Deffence Officers Colony Main Road: Rs 6,600 per sq.ft (2024)
• Deffence Officers Colony: Rs 6,600 per sq.ft (2024)
• East Kulakkarai Street: Rs 3,900 per sq.ft (2024)
• East Mada Street: Rs 3,900 per sq.ft (2024)
• East Mada Veedhi: Rs 3,900 per sq.ft (2024)
• Eshwaran Koil Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanakotti Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhanakotti Raja Street?

The Sub Registrar Office covering Dhanakotti Raja Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Nandhambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential costs in the transaction process.

At the time of registration, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhanakotti Raja Street?

The current guideline value of Dhanakotti Raja Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 95% over the years.

What is the land classification of Dhanakotti Raja Street?

Dhanakotti Raja Street is classified as Residential Class II Type - I under the Alandur SRO.

Where can I find the Sub Registrar Office for Dhanakotti Raja Street?

The Sub Registrar Office for Dhanakotti Raja Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a property valued at Rs 39,00,000, the total fees would amount to Rs 3,51,000.