Guideline Value for Dhargas Road

Dhargas Road guideline value

The current guideline value of Dhargas Road in Pullilyon village, under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Dhargas Road has changed

The guideline value for Dhargas Road has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2023. The latest revision in 2024 raised the guideline value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for this street in the register for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2017 to 2024 is 64%. This reflects the changes in the valuation of the property over the years, indicating a steady rise in the guideline value.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 700 per sq.ft, placing Dhargas Road's 2024 figure below this median.

• Devi Nagar: Rs 440 per sq.ft (2024)
• C.R.P. Nagar: Rs 770 per sq.ft (2024)
• Bye Pass Road: Rs 2,200 per sq.ft (2024)
• Bhathrakaliamman Nagar: Rs 770 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 770 per sq.ft (2024)
• Gopal Nagar: Rs 770 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dhargas Road?

The Sub Registrar Office that covers Dhargas Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pullilyon. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhargas Road?

The current guideline value of Dhargas Road is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, representing a total increase of 64% over the period.

What are the stamp duty and registration fees for property on Dhargas Road?

For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles property registration for Dhargas Road?

The Redhills Sub Registrar Office handles property registration for Dhargas Road, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Pullilyon?

The median guideline value in Pullilyon is Rs 700 per sq.ft, with Dhargas Road's current value being below this median at Rs 550 per sq.ft.