Guideline Value for Dharmalingam Street

Dharmalingam Street guideline value

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

How the guideline value of Dharmalingam Street has changed

Over the years, the guideline value of Dharmalingam Street has seen significant changes. In the 2007 revision, the guideline value was Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a substantial increase of 400%. However, in 2017, the value dropped to Rs 670 per sq.ft, representing a decrease of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register has no figures for this street for the years 2002 and 2003.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Dharmalingam Street.

• Dr.ambetkar Street: Rs 770 per sq.ft (2024)
• Dr.M.Varadharasanar Cross St: Rs 1,100 per sq.ft (2024)
• Dr.M.Varadharasanar St: Rs 1,100 per sq.ft (2024)
• Dr. Radhaakrishanan Street: Rs 1,100 per sq.ft (2024)
• East tank Street: Rs 2,750 per sq.ft (2024)
• Edappalayam Thalakancheri road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmalingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total fees to Rs 99,000. 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 information.

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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When registering a property, buyers must ensure that the guideline value is adhered to, as it impacts the total cost of the transaction. This helps maintain transparency and fairness in property dealings within the region.

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, reflecting an overall increase of 450% over the years.

What is the registration office for Dharmalingam Street?

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

How is stamp duty calculated for properties on Dharmalingam Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 77,000 based on the current guideline value.

What are the other streets with similar guideline values in Thiruvallur?

Other streets in Thiruvallur with a guideline value of Rs 1,100 per sq.ft include Dr.M.Varadharasanar Cross St, Dr.M.Varadharasanar St, and Dr. Radhaakrishanan Street.