Guideline Value for Dharmaraja Koil South Lane

Dharmaraja Koil South Lane guideline value

The current guideline value of Dharmaraja Koil South Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Dharmaraja Koil South Lane has changed

The guideline value for Dharmaraja Koil South Lane has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% increase. However, it saw a decrease to Rs 804 per sq.ft in 2017, which was a drop of 33%. The value then rose significantly to Rs 1,200 per sq.ft in 2023, and further increased to Rs 1,300 per sq.ft in 2024, reflecting an 8% change.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Dharmaraja Koil South Lane is below this median.

• Dharmaraja Koil North 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 South Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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, bringing the total to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharmaraja Koil South Lane?

The Dharmaraja Koil South Lane is covered by 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 an essential factor during the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the amount of stamp duty and registration fees payable when buying or selling property.

Frequently asked questions

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

The current guideline value of Dharmaraja Koil South 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 several times, starting from Rs 600 per sq.ft in 2007, rising to Rs 1,200 in 2012, dropping to Rs 804 in 2017, increasing to Rs 1,200 in 2023, and finally reaching Rs 1,300 in 2024.

What is the land classification for Dharmaraja Koil South Lane?

The land classification for Dharmaraja Koil South Lane is Residential Class II Type - I.

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

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

How is stamp duty calculated for properties in Dharmaraja Koil South Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, a plot of 1,000 sq.ft at the current guideline value would incur a stamp duty of Rs 91,000.