Guideline Value for Dharmalingam Street

Dharmalingam Street guideline value

The current guideline value of Dharmalingam Street in Periyakuppam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Dharmalingam Street has changed

The guideline value for Dharmalingam Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. Following this, the value rose to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the value increased by 400%. However, from 2012 to 2017, there was a decrease of 33%. The value then saw a substantial increase of 49% from 2017 to 2023. Finally, the increase from 2023 to 2024 was 10%. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value of Dharmalingam Street.

• E - City: Rs 1,320 per sq.ft (2024)
• Cholan Street: Rs 550 per sq.ft (2024)
• Cheran Street: Rs 550 per sq.ft (2024)
• Bypass Road (Mungil Udayar Thirumanamandapam Varai): Rs 3,300 per sq.ft (2024)
• Gandhi Puram: Rs 1,320 per sq.ft (2024)
• Gandhi Puram-I & II: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmalingam Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dharmalingam Street?

The Sub Registrar Office that covers Dharmalingam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Periyakuppam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the property transaction process.

When a property is sold, the guideline value serves as a reference point for the transaction. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Dharmalingam Street?

The current guideline value of Dharmalingam Street is Rs 1,100 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 1,100 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the land classification of Dharmalingam Street?

Dharmalingam Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Dharmalingam Street?

The Sub Registrar Office for Dharmalingam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.