Guideline Value for Dharma Nagar 2nd street

Dharma Nagar 2nd street guideline value

The current guideline value of Dharma Nagar 2nd 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 2nd street has changed

The guideline value for Dharma Nagar 2nd street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking a 350% rise. However, it then saw a decrease to Rs 603 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 900 per sq.ft in 2023, and finally reached Rs 990 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for Dharma Nagar 2nd street. Overall, from 2007 to 2024, the guideline value has increased by 395%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a guideline value range from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Dharma Nagar 2nd street's 2024 figure below that median.

• Dharma Nagar 1st street: Rs 990 per sq.ft (2024)
• Dharma Nagar: 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 2nd 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 amount to 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharma Nagar 2nd street?

The Sub Registrar Office that covers Dharma Nagar 2nd 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 the registration process of property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Dharma Nagar 2nd street?

The current guideline value of Dharma Nagar 2nd 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 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, showing an overall increase of 395% over the years.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for Dharma Nagar 2nd street?

The Ambattur Sub Registrar Office handles registrations for Dharma Nagar 2nd street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification of Dharma Nagar 2nd street?

Dharma Nagar 2nd street is classified as Residential Class II Type - I, indicating its designated use for residential purposes.