Guideline Value for Dharani Grand

Dharani Grand guideline value

The current guideline value of Dharani Grand, located in Sengadu village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Dharani Grand has changed

The guideline value for Dharani Grand has seen several revisions over the years. 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 marked a decrease to Rs 335 per sq.ft, reflecting a -33% change from the previous value. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value increased by 49%, bringing it back to Rs 500 per sq.ft. The current 2024 revision maintains this figure, showing a 0% change from 2023 and an overall 0% change from 2012 to 2024.

Guideline values in Sengadu

Sengadu village has 24 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 101 to Rs 500 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Dharani Grand's 2024 figure above this median.

• Cross Street: Rs 150 per sq.ft (2024)
• Colony Cross Street: Rs 101 per sq.ft (2024)
• Cement Salai Street: Rs 150 per sq.ft (2024)
• G.K.R Nagar: Rs 150 per sq.ft (2024)
• Green Valley: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 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 amounts to Rs 5,00,000. The stamp duty at 7% would be 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. 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 more details.

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

The guideline value is a critical factor during the registration process when buying or selling property in Sengadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in government records.

When a property is sold, the guideline value helps in assessing the appropriate fees based on the current market conditions. Buyers and sellers should be aware that the guideline value may influence the final sale price and the fees associated with property transfer.

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 remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, and then returning to Rs 500 per sq.ft in 2023.

What is the land classification of Dharani Grand?

Dharani Grand is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in Dharani Grand?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,00,000. The stamp duty at 7% is Rs 35,000, and the registration fee at 2% is Rs 10,000, totaling Rs 45,000.

Which office handles registrations for Dharani Grand?

The Sriperumpudur Sub Registrar Office handles registrations for Dharani Grand, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.