Guideline Value for Dhanapal Nagar 3rd Street

Dhanapal Nagar 3rd Street guideline value

The current guideline value of Dhanapal Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Dhanapal Nagar 3rd Street has changed

The guideline value for Dhanapal Nagar 3rd Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, and most recently, it has increased to Rs 1,300 per sq.ft in 2024, reflecting an 8% change from the previous year.

Notably, there are no guideline value figures available for Dhanapal Nagar 3rd Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that Dhanapal Nagar 3rd Street's 2024 figure is below this median.

• Dhanapal Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Dhanapal Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Dharmaraja Koil North Lane: Rs 1,300 per sq.ft (2024)
• Dharmaraja Koil South Lane: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Devi Karumariamman Nagar 5th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanapal Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 a more accurate calculation based on your specific property details.

Which Sub Registrar Office covers Dhanapal Nagar 3rd Street?

The Dhanapal Nagar 3rd Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for these costs.

When a property is sold, the guideline value serves as a benchmark for the minimum value on which the stamp duty is calculated. This means that if the sale price is lower than the guideline value, the duty will still be based on the guideline value.

Frequently asked questions

What is the current guideline value of Dhanapal Nagar 3rd Street?

The current guideline value of Dhanapal Nagar 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What is the stamp duty rate for properties in Dhanapal Nagar 3rd Street?

The stamp duty rate for properties in Dhanapal Nagar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dhanapal Nagar 3rd Street?

The Sub Registrar Office covering Dhanapal Nagar 3rd Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, which means that Dhanapal Nagar 3rd Street's 2024 value is below this median.