Guideline Value for Dhargas Road

Dhargas Road guideline value

The current guideline value of Dhargas Road in Erumaiyur village, under the Padappai SRO, is Rs 940 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Dhargas Road has changed

Looking at the revisions, the guideline value for Dhargas Road was Rs 850 per sq.ft in 2023, which increased to Rs 940 per sq.ft in 2024, marking an increase of 11%. Prior to that, in 2017, the value was Rs 569 per sq.ft, indicating a significant rise of 49% over the six-year period leading to 2023. The register has no figures for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017, a decline of 33%. Overall, from 2012 to 2024, the guideline value has seen an increase of 11%, stabilizing at Rs 940 per sq.ft in 2024.

Guideline values in Erumaiyur

In Erumaiyur, there are 21 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft, with a median value of Rs 940 per sq.ft. Dhargas Road's 2024 figure matches this median.

• Ek Avenues: Rs 2,630 per sq.ft (2024)
• Ganesh Nagar: Rs 550 per sq.ft (2024)
• Bharathi Nagar: Rs 550 per sq.ft (2024)
• GR Nagar and Extn: Rs 940 per sq.ft (2024)
• Indhra Gandhi Street: Rs 550 per sq.ft (2024)
• Keerthi Nagar: Rs 940 per sq.ft (2024)

Stamp duty and registration fee for property in Dhargas Road

For a 1,000 sq.ft plot at the current guideline value of Rs 940 per sq.ft, the total guideline value would be Rs 9,40,000. The stamp duty at 7% would amount to Rs 65,800, and the registration fee at 2% would be Rs 18,800, bringing the total cost for these fees to Rs 84,600. 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 further calculations.

Which Sub Registrar Office covers Dhargas Road?

The Sub Registrar Office that covers Dhargas Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Erumaiyur. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers must be aware of the current guideline value to accurately calculate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Dhargas Road?

The current guideline value of Dhargas Road is Rs 940 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2023 to Rs 940 per sq.ft in 2024, a rise of 11%. It was Rs 569 per sq.ft in 2017 and Rs 850 per sq.ft in 2012.

What is the land classification for Dhargas Road?

Dhargas Road falls under the Residential Special Type - I land classification.

Where can I find the Sub Registrar Office for Dhargas Road?

The Sub Registrar Office for Dhargas Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties on Dhargas Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 940 per sq.ft, the total guideline value would be Rs 9,40,000.