Guideline Value for Dhanraj Nagar

Dhanraj Nagar guideline value

The current guideline value of Dhanraj Nagar, located in Sokandi village under the Sunguvarchattram SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Dhanraj Nagar has changed

Over the years, the guideline value of Dhanraj Nagar has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision saw a decrease to Rs 335 per sq.ft, marking a -33% change from 2012. However, from 2017 to 2023, there was a significant increase of +49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 500 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sokandi

In Sokandi village, there are 35 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,000 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Dhanraj Nagar's 2024 figure above this median.

• Bharathiyar Street: Rs 275 per sq.ft (2024)
• Gandni Puram: Rs 275 per sq.ft (2024)
• Arul Nagar: Rs 250 per sq.ft (2024)
• Jai Hind Nagar: Rs 200 per sq.ft (2024)
• Annai Nagar: Rs 250 per sq.ft (2024)
• Jei Bharath Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 details.

Which Sub Registrar Office covers Dhanraj Nagar?

Dhanraj Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Sokandi. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure that they comply with the legal requirements during the registration process.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the state government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Dhanraj Nagar?

The current guideline value of Dhanraj Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2012 revision, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023. Overall, there has been no change from 2012 to 2024.

What is the land classification for Dhanraj Nagar?

The land classification for Dhanraj Nagar is Mixed Type - I.

Where can I find the registration office for Dhanraj Nagar?

The registration office for Dhanraj Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Dhanraj Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 500 per sq.ft, the stamp duty would be Rs 35,000.