Guideline Value for Dhanarajapuram Extension

Dhanarajapuram Extension guideline value

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

How the guideline value of Dhanarajapuram Extension has changed

Over the years, the guideline value for Dhanarajapuram Extension has seen significant changes. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased dramatically to Rs 4,500 per sq.ft in the 2012 revision, marking a 350% increase. However, the value dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revision in 2024 has brought the value back up to Rs 4,900 per sq.ft, representing a 63% increase from the 2017 figure. It is noteworthy that there are no figures available for the years 2023, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 390%. This shows the fluctuations in the property values over the years, highlighting the changes in the market conditions affecting Dhanarajapuram Extension.

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. The median value for these streets is Rs 3,300 per sq.ft, placing Dhanarajapuram Extension's 2024 figure above the median.

• Dhanarajapuram: Rs 4,900 per sq.ft (2024)
• Dhanammal Nagar Extension: Rs 4,900 per sq.ft (2024)
• Dhanammal Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Dhanammal Nagar 1st Street: 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 Dhanarajapuram 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, the total amount for stamp duty and registration fee would be 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhanarajapuram Extension?

The Sub Registrar Office that covers Dhanarajapuram Extension is 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 plays a crucial role in the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers must be aware that the guideline value is set by the government and can vary from one area to another.

When a property is sold, the guideline value is compared with the sale price to determine the applicable fees. If the sale price is higher than the guideline value, the duty is charged on the sale price; otherwise, it is based on the guideline value. This ensures that the registration fees are reflective of the property's value.

Frequently asked questions

What is the current guideline value of Dhanarajapuram Extension?

The current guideline value of Dhanarajapuram Extension 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 390%.

What are the stamp duty and registration fees for property in Dhanarajapuram Extension?

For a 1,000 sq.ft plot, the total guideline value is Rs 49,00,000, with stamp duty at Rs 3,43,000 and registration fee at Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations for Dhanarajapuram Extension?

The Sembiam Sub Registrar Office handles property registrations for Dhanarajapuram Extension, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price to establish which amount will be used for calculating the fees.