Guideline Value for Dhandabani Street

Dhandabani Street guideline value

The current guideline value of Dhandabani Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Dhandabani Street has changed

The guideline value for Dhandabani Street has undergone several revisions over the years. The earliest recorded value is from 2003, set at Rs 487 per sq.ft. This figure increased to Rs 800 per sq.ft in 2007, marking a significant rise of 64%. The value remained unchanged at Rs 2,500 per sq.ft during the 2012 revision and again in 2023. However, a notable increase of 10% brought the current value to Rs 2,750 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002 and 2017 for Dhandabani Street. Overall, from 2003 to 2024, the guideline value has increased by 465%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 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 the village is Rs 3,300 per sq.ft, which means Dhandabani Street's 2024 figure is below that median.

• Dhanapal Street: Rs 3,300 per sq.ft (2024)
• Dhanapal Lane: Rs 3,300 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 Dhandabani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 further calculations.

Which Sub Registrar Office covers Dhandabani Street?

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

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

The guideline value is a crucial factor in the registration process for property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations regarding the price of their property.

Frequently asked questions

What is the current guideline value of Dhandabani Street?

The current guideline value of Dhandabani Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 487 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 465% over the years.

What is the land classification for Dhandabani Street?

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

What is the stamp duty rate for property transactions?

The stamp duty for property transactions in Dhandabani Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dhandabani Street?

The Sub Registrar Office covering Dhandabani Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.