Guideline Value for Dhanthoniammain Koil Street

Dhanthoniammain Koil Street guideline value

The current guideline value of Dhanthoniammain Koil Street in Malligaicherry village is Rs 3,000 per sq.ft, effective from 1 July 2024. This street falls under the Konnur SRO and is classified as Commercial Class I Type - II.

How the guideline value of Dhanthoniammain Koil Street has changed

The guideline value for Dhanthoniammain Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 2,750 per sq.ft in the 2012 revision. However, there was a decrease to Rs 1,842 per sq.ft in the 2017 revision. The 2023 revision brought it back up to Rs 2,750 per sq.ft, and the most recent revision in 2024 set the current value at Rs 3,000 per sq.ft.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 9%. Overall, from the 2007 revision to the current 2024 figure, there has been a notable increase of 150% in the guideline value for this street.

Guideline values in Malligaicherry

Malligaicherry village has 49 streets under the Konnur 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 2,400 per sq.ft, placing Dhanthoniammain Koil Street's value above this median.

• Dhanthoniammain Koil Lane: Rs 2,200 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value would be Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total cost for these fees to Rs 2,70,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dhanthoniammain Koil Street?

The Sub Registrar Office covering Dhanthoniammain Koil Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Malligaicherry. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the higher value between the guideline value and the sale price is used to calculate the stamp duty, ensuring that the fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of Dhanthoniammain Koil Street?

The current guideline value of Dhanthoniammain Koil Street is Rs 3,000 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 1,200 per sq.ft in 2007 to Rs 3,000 per sq.ft in 2024, reflecting an overall increase of 150% over the years.

What are the stamp duty and registration fees for property transactions?

For a plot valued at Rs 30,00,000, the stamp duty would be Rs 2,10,000 and the registration fee would be Rs 60,000, totaling Rs 2,70,000.

Which Sub Registrar Office handles transactions for this street?

The Konnur Sub Registrar Office handles transactions for Dhanthoniammain Koil Street, located in Ambattur, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the fees are based on the higher of the guideline value or the sale price.