Guideline Value for Dharma Nagar 1st street

Dharma Nagar 1st street guideline value

The current guideline value of Dharma Nagar 1st street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Dharma Nagar 1st street has changed

The guideline value for Dharma Nagar 1st street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a 125% rise. However, it then decreased to Rs 603 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 900 per sq.ft in 2023, followed by a 10% rise to the current value of Rs 990 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 148%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Dharma Nagar 1st street is below this median.

• Dharma Nagar: Rs 990 per sq.ft (2024)
• Dharma Nagar 2nd street: Rs 990 per sq.ft (2024)
• Dobi Street: Rs 1,300 per sq.ft (2024)
• Devi Nagar: Rs 1,100 per sq.ft (2024)
• Church Street: Rs 1,100 per sq.ft (2024)
• Church Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dharma Nagar 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. 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 Dharma Nagar 1st street?

The Sub Registrar Office that covers Dharma Nagar 1st street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value ensures that the transaction is recorded accurately and reflects the official value assigned to the property.

When selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers often refer to this value to ensure that the property is priced fairly according to the local regulations and standards set by the registration department.

Frequently asked questions

What is the current guideline value of Dharma Nagar 1st street?

The current guideline value of Dharma Nagar 1st street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, showing an overall increase of 148%.

What is the land classification for Dharma Nagar 1st street?

Dharma Nagar 1st street is classified as Residential Class II Type - I.

What is the registration office for Dharma Nagar 1st street?

The registration office for Dharma Nagar 1st street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property in Dharma Nagar 1st street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty at 7% would be Rs 69,300.