Guideline Value for Dharmaraja Koil Street

Dharmaraja Koil Street guideline value

The current guideline value of Dharmaraja Koil Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Alandur village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Dharmaraja Koil Street has changed

Over the years, the guideline value of Dharmaraja Koil Street has seen several revisions. The 2002 revision recorded a guideline value of Rs 374 per sq.ft, which increased to Rs 406 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, marking a 146% increase from the previous revision. The 2012 revision saw the value rise to Rs 4,500 per sq.ft, an increase of 350% from 2007. However, the 2017 revision brought a decrease to Rs 3,015 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 5,000 per sq.ft in 2024, which is an 11% increase from the previous year.

In summary, from the 2017 revision to the 2023 revision, there was a notable increase of 49%. The overall change from the 2002 revision to the 2024 revision is a substantial increase of 1,237%. There are no years in the register without a figure for this street.

Guideline values in Alandur

Alandur village has a total of 40 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 3,900 to Rs 11,000 per sq.ft. The median value is Rs 5,000 per sq.ft, which aligns with the current guideline value of Dharmaraja Koil Street.

• Eashwaran Koil Street: Rs 5,000 per sq.ft (2024)
• Gandhi Market commer: Rs 6,600 per sq.ft (2024)
• Bramin Street: Rs 5,000 per sq.ft (2024)
• G.S.T. Road/mount road: Rs 11,000 per sq.ft (2024)
• G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET: Rs 11,000 per sq.ft (2024)
• Gurupax Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. 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 Dharmaraja Koil Street?

The Sub Registrar Office that covers Dharmaraja Koil Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Alandur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the sale price or the guideline value is used to calculate the applicable stamp duty and registration fees, whichever is higher. This ensures that the transaction is compliant with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Dharmaraja Koil Street?

The current guideline value of Dharmaraja Koil Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 374 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, showing an overall increase of 1,237% over the years.

What is the land classification for Dharmaraja Koil Street?

Dharmaraja Koil Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Dharmaraja Koil Street?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles registrations for Dharmaraja Koil Street?

The Alandur Sub Registrar Office handles registrations for Dharmaraja Koil Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.