Guideline Value for Dhanammal Nagar 1st Street

Dhanammal Nagar 1st Street guideline value

The current guideline value of Dhanammal Nagar 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, and it falls under the Mixed Type - I land classification.

How the guideline value of Dhanammal Nagar 1st Street has changed

The guideline value for Dhanammal Nagar 1st Street has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 543%. However, this value decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 4,900 per sq.ft, reflecting a substantial increase of 63% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 600%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Dhanammal Nagar 1st Street's 2024 guideline value of Rs 4,900 per sq.ft is above this median.

• Dhanammal Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Dhanammal Nagar Extension: Rs 4,900 per sq.ft (2024)
• Dhanarajapuram: Rs 4,900 per sq.ft (2024)
• Dhanarajapuram Extension: Rs 4,900 per sq.ft (2024)
• Dhayalu Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanammal Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total charges to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Dhanammal Nagar 1st Street?

The Sembiam Sub Registrar Office covers Dhanammal Nagar 1st Street, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kolathur. It serves as a benchmark for determining the minimum value of a property, which helps in calculating the applicable stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it impacts the financial obligations associated with the transaction. Both buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Dhanammal Nagar 1st Street?

The current guideline value of Dhanammal Nagar 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 600% over the years.

What is the land classification for Dhanammal Nagar 1st Street?

Dhanammal Nagar 1st Street falls under the Mixed Type - I land classification.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the total stamp duty and registration fees would amount to Rs 4,41,000.