Guideline Value for Dhanarajapuram

Dhanarajapuram guideline value

The current guideline value of Dhanarajapuram is Rs 4,900 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam Sub Registrar Office (SRO). The land classification for this street is Mixed Type - I.

How the guideline value of Dhanarajapuram has changed

The guideline value for Dhanarajapuram has seen significant changes over the years. In 2002, the guideline value was Rs 183 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 446%. By 2012, it reached Rs 4,500 per sq.ft, reflecting a remarkable increase of 350%. However, in 2017, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, an increase of 63% from 2017. Overall, from 2002 to 2024, the guideline value has increased by 2578%.

The register has no figures for the years 2023 and 2003 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Dhanarajapuram's 2024 guideline value is above this median.

• Dhanarajapuram Extension: 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

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, and the registration fee at 2% would be Rs 98,000, bringing the total to 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?

The Sub Registrar Office that covers Dhanarajapuram 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 is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Dhanarajapuram?

The current guideline value of Dhanarajapuram 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 183 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 2578% over this period.

What is the land classification of Dhanarajapuram?

Dhanarajapuram is classified as Mixed Type - I under the land classification system.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated in Dhanarajapuram?

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