Guideline Value for Dhanapal Street

Dhanapal Street guideline value

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

How the guideline value of Dhanapal Street has changed

The guideline value for Dhanapal Street has seen several revisions over the years. In 2003, the guideline value was Rs 486 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a significant rise of 23%. The value then jumped to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 579%. The register does not contain a figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, which aligns with the current guideline value of Dhanapal Street.

• Dhanapal Lane: Rs 3,300 per sq.ft (2024)
• Dhandabani Street: Rs 2,750 per sq.ft (2024)
• Dharka 2nd Street: Rs 4,400 per sq.ft (2024)
• Dharka 3rd Street: Rs 4,400 per sq.ft (2024)
• Dharka Colony 1st Lane: Rs 4,400 per sq.ft (2024)
• Dharka Colony 2nd Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanapal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanapal Street?

The Sub Registrar Office that covers Dhanapal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Zaminpallavaram, this value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Dhanapal Street?

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

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 486 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 579% over this period.

What are the registration fees for property in Dhanapal Street?

The registration fees for a property in Dhanapal Street include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which office handles property registration for Dhanapal Street?

The Pallavaram Sub Registrar Office handles property registration for Dhanapal Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, which is the same as the current guideline value for Dhanapal Street.