Guideline Value for Dharmaraja Koil North Lane

Dharmaraja Koil North Lane guideline value

The current guideline value for Dharmaraja Koil North Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Dharmaraja Koil North Lane has changed

The guideline value for Dharmaraja Koil North Lane has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, this value decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value then rose significantly to Rs 1,200 per sq.ft in 2023, followed by a further increase to Rs 1,300 per sq.ft in 2024, reflecting an 8% change.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, making the current value of Dharmaraja Koil North Lane below this median.

• Dharmaraja Koil South Lane: Rs 1,300 per sq.ft (2024)
• Dhanapal Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Dhanapal Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Dhanapal Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Dr. Ambedkar Nagar 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Dr. Ambedkar Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja Koil North Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 details.

Which Sub Registrar Office covers Dharmaraja Koil North Lane?

The Sub Registrar Office covering Dharmaraja Koil North Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it affects the financial obligations of both parties. The higher of the guideline value and the sale price is used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Dharmaraja Koil North Lane?

The current guideline value of Dharmaraja Koil North Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, representing an overall increase of 117%.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, with Dharmaraja Koil North Lane's current value being below this median.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where can I find the Sub Registrar Office for Dharmaraja Koil North Lane?

The Sub Registrar Office for Dharmaraja Koil North Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.