Guideline Value for Dhanammal Nagar Extension

Dhanammal Nagar Extension guideline value

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

How the guideline value of Dhanammal Nagar Extension has changed

The guideline value for Dhanammal Nagar Extension has undergone several revisions over the years. Starting from Rs 255 per sq.ft in 2003, it increased to Rs 700 per sq.ft in 2007, marking a significant rise of 175%. The value then surged to Rs 4,500 per sq.ft in 2012, an increase of 543%. However, it saw a decrease to Rs 3,015 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, reflecting an increase of 63% from the previous figure.

It is important to note that there are no figures for the years 2023 and 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1822%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Dhanammal Nagar Extension's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Together, these costs would total Rs 4,41,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Dhanammal Nagar Extension?

The Dhanammal Nagar Extension falls under the Sembiam Sub Registrar Office 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 when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, aligning with the government's valuation standards. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Dhanammal Nagar Extension?

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

How much has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 255 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, which is an overall increase of 1822%.

What is the land classification for Dhanammal Nagar Extension?

The land classification for Dhanammal Nagar Extension is Mixed Type - I, as per the guidelines set by the registration department.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in Dhanammal Nagar Extension.

How is stamp duty calculated for properties in Dhanammal Nagar Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000.