Guideline Value for Dhanapal Street

Dhanapal Street guideline value

The current guideline value of Dhanapal Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Dhanapal Street has changed

The guideline value for Dhanapal Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Dhanapal Street. The significant changes in the guideline value reflect the adjustments made during the available revisions, particularly the substantial 49% increase from 2017 to 2023.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Dhanapal Street's 2024 guideline value below this median.

• Divyadoss Nagar: Rs 1,100 per sq.ft (2024)
• Divyadoss Nagar/Subramani Street: Rs 1,100 per sq.ft (2024)
• Devadoss Nagar: Rs 1,320 per sq.ft (2024)
• Devabalan Nagar: Rs 1,320 per sq.ft (2024)
• Co-operative Colony: Rs 1,320 per sq.ft (2024)
• Commissioner Colony Main Road (3): Rs 2,200 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanapal Street?

Dhanapal Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees payable at the time of property registration, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline values to avoid any discrepancies 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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This reflects a 64% increase overall from 2017 to 2024.

What is the land classification of Dhanapal Street?

Dhanapal Street is classified as Residential Class II Type - I under the guideline value register.

Where can I find the registration office for Dhanapal Street?

The registration office covering Dhanapal Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Dhanapal Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 11,00,000, leading to a stamp duty of Rs 77,000.