Guideline Value for Dharmalingam Street / Lord Srinivasa Colony

Dharmalingam Street / Lord Srinivasa Colony guideline value

The current guideline value of Dharmalingam Street / Lord Srinivasa Colony is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Dharmalingam Street / Lord Srinivasa Colony has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 174 per sq.ft, which increased to Rs 197 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, reflecting an 83% increase. By 2017, the guideline value reached Rs 1,206 per sq.ft, showing a substantial growth of 235% from 2007. The next revision in 2023 set the value at Rs 1,800 per sq.ft, an increase of 49% from 2017. The latest revision in 2024 has further increased the value to Rs 1,980 per sq.ft, representing a 10% rise from the previous year.

It is important to note that there is no figure available for Dharmalingam Street / Lord Srinivasa Colony in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1,038%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in Pammal is Rs 2,090 per sq.ft, which means that the 2024 figure for Dharmalingam Street / Lord Srinivasa Colony is below this median.

• Dhasaradhan Cross Street, Pammal: Rs 1,980 per sq.ft (2024)
• Dhasaradhan Street, Pammal: Rs 1,980 per sq.ft (2024)
• Dhasrathan Cross Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Dhasrathan Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Dhanraj Street / Central Bank Colony: Rs 1,870 per sq.ft (2024)
• Dhayalu Street / Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmalingam Street / Lord Srinivasa Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 Dharmalingam Street / Lord Srinivasa Colony?

The Sub Registrar Office that covers Dharmalingam Street / Lord Srinivasa Colony is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented at a fair value as determined by the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 Dharmalingam Street / Lord Srinivasa Colony?

The current guideline value of Dharmalingam Street / Lord Srinivasa Colony is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 174 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 1,038% over this period.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs amount to Rs 1,78,200.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Dharmalingam Street / Lord Srinivasa Colony, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft as of 2024, which means the value for Dharmalingam Street / Lord Srinivasa Colony is below this median.