Guideline Value for Dhanthoniammain Koil Lane

Dhanthoniammain Koil Lane guideline value

The current guideline value for Dhanthoniammain Koil Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Malligaicherry village under the Konnur SRO, classified as Residential Class III Type - I.

How the guideline value of Dhanthoniammain Koil Lane has changed

The guideline value for Dhanthoniammain Koil Lane has undergone several revisions over the years. The earliest recorded value is from 2007 at Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 186% rise. However, this value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. By 2023, the value rose again to Rs 2,000 per sq.ft, and in the latest revision for 2024, it stands at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Dhanthoniammain Koil Lane's 2024 figure of Rs 2,200 per sq.ft is below this median.

• Dhanthoniammain Koil Street: Rs 3,000 per sq.ft (2024)
• Dhanthoniamman Koil Extension 1 to 4 Street: Rs 2,200 per sq.ft (2024)
• Dhanthoniamman Koil Thoder Street 1 to 4 Street: Rs 2,400 per sq.ft (2024)
• East Seeyalam Canal 1st and 2nd Street: Rs 2,400 per sq.ft (2024)
• ICF Road (East Seeyalam to Railway Line): Rs 3,800 per sq.ft (2024)
• ICF Road (M.T.H to East Seeyalam): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanthoniammain Koil Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanthoniammain Koil Lane?

The Sub Registrar Office that covers Dhanthoniammain Koil Lane is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Malligaicherry. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. This value is used to determine the applicable taxes and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Dhanthoniammain Koil Lane?

The current guideline value of Dhanthoniammain Koil Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 214% over the years.

What is the median guideline value in Malligaicherry?

The median guideline value in Malligaicherry is Rs 2,400 per sq.ft, while Dhanthoniammain Koil Lane's value is below this median at Rs 2,200 per sq.ft.

What are the stamp duty rates for property in Dhanthoniammain Koil Lane?

The stamp duty for property in Dhanthoniammain Koil Lane is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Malligaicherry?

The Konnur Sub Registrar Office handles property registrations in Malligaicherry, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.