Guideline Value for Dharani Nagar

Dharani Nagar guideline value

The current guideline value of Dharani Nagar, located in Moolacheri village under the Pallavaram SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dharani Nagar has changed

Over the years, the guideline value of Dharani Nagar has seen significant revisions. The earliest recorded revision in 2007 set the guideline value at Rs 80 per sq.ft. This figure increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 1,775%. However, the value then decreased to Rs 1,005 per sq.ft in 2017, representing a decline of 33%. In 2023, the guideline value was revised to Rs 1,500 per sq.ft, and the latest revision in 2024 set it at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, leading to the current value of Rs 1,650 per sq.ft. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 1,963% in the guideline value.

Guideline values in Moolacheri

Moolacheri village has a range of guideline values across its 17 streets under the Pallavaram SRO, with figures for 2024 ranging from Rs 1,100 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 2,710 per sq.ft, placing Dharani Nagar's current value below this median.

• Arivalayam Street: Rs 1,650 per sq.ft (2024)
• Jones Serene Avenue Extension: Rs 4,400 per sq.ft (2024)
• Kamacthi Street: Rs 1,100 per sq.ft (2024)
• Maduraipakkam Road: Rs 1,650 per sq.ft (2024)
• M R Nagar: Rs 2,710 per sq.ft (2024)
• Pearl Garden: Rs 3,410 per sq.ft (2024)

Stamp duty and registration fee for property in Dharani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharani Nagar?

The Sub Registrar Office that covers Dharani Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Moolacheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable for the transaction. This ensures that the fees are based on a standard valuation of the property rather than the negotiated sale price.

Frequently asked questions

What is the current guideline value of Dharani Nagar?

The current guideline value of Dharani Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2007 figure at Rs 80 per sq.ft, rising to Rs 1,650 per sq.ft in 2024, an overall increase of 1,963%.

What is the median guideline value in Moolacheri?

The median guideline value in Moolacheri is Rs 2,710 per sq.ft, with Dharani Nagar's current value being below this median.

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

The stamp duty for a property valued at Rs 16,50,000 would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Dharani Nagar?

The Pallavaram Sub Registrar Office handles property registrations for Dharani Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.