Guideline Value for Dharani Grand

Dharani Grand guideline value

The current guideline value of Dharani Grand is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Mannoor village, under the Sriperumpudur SRO, and is classified as Residential Special Type - II.

How the guideline value of Dharani Grand has changed

Over the years, the guideline value for Dharani Grand has seen several revisions. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. In 2017, the value dropped to Rs 335 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 to 2024 revision is 0%, indicating that the guideline value has remained stable during this period.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing the guideline value of Dharani Grand above this median.

• Dinesh Nagar: Rs 300 per sq.ft (2024)
• Cresent Nagar: Rs 250 per sq.ft (2024)
• Beauty Farms & Resorts: Rs 300 per sq.ft (2024)
• Beauty Dreams: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Grand J.V.Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Dharani Grand

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, making the total charges Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharani Grand?

The Sub Registrar Office that covers Dharani Grand is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Mannoor. It is the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This means that the transaction must adhere to the established guideline value to ensure a smooth registration experience.

Frequently asked questions

What is the current guideline value of Dharani Grand?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, with a notable increase of 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023. The value remained the same in 2024.

What are the other streets in Mannoor and their guideline values?

Other streets in Mannoor have varying guideline values, ranging from Rs 100 to Rs 1,500 per sq.ft. For example, Dinesh Nagar is valued at Rs 300 per sq.ft, while Grand J.V.Nagar is higher at Rs 700 per sq.ft.

How is the stamp duty calculated for properties in Dharani Grand?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, on a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Dharani Grand?

The Sub Registrar Office for Dharani Grand is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.