Guideline Value for Dharmaraja Koil Street

Dharmaraja Koil Street guideline value

The current guideline value of Dharmaraja Koil Street is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Dharmaraja Koil Street has changed

The guideline value for Dharmaraja Koil Street has seen significant changes over the years. In the 2003 revision, the value was Rs 794 per sq.ft, which rose to Rs 1,500 per sq.ft in 2007. Following that, there was a substantial increase to Rs 7,600 per sq.ft in 2012, before dropping to Rs 5,092 per sq.ft in 2017. The value then increased again to Rs 7,600 per sq.ft in 2023, and finally reached Rs 8,300 per sq.ft in the 2024 revision. The register has no figure for this street in 2002.

From 2003 to 2024, the overall increase in the guideline value has been +945%. The change from 2012 to 2017 was a decrease of -33%, while the jump from 2007 to 2012 was +407%. The most recent change from 2023 to 2024 reflects an increase of +9%, and the rise from 2017 to 2023 was +49%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Dharmaraja Koil Street's 2024 figure above this median.

• Diwan Bahadur Rangachary Street: Rs 8,300 per sq.ft (2024)
• Dosspuram: Rs 2,800 per sq.ft (2024)
• Dr.Gurusamy Mudali Road: Rs 13,400 per sq.ft (2024)
• Driver Street: Rs 7,100 per sq.ft (2024)
• Dr.Muniyappa Cross Street: Rs 9,300 per sq.ft (2024)
• Dr.Muniyappa Road: Rs 13,400 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 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total fees to Rs 7,47,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Dharmaraja Koil Street?

The current guideline value of Dharmaraja Koil Street is Rs 8,300 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 794 per sq.ft in 2003 to Rs 8,300 per sq.ft in 2024, reflecting an overall increase of +945% over this period.

What is the land classification for Dharmaraja Koil Street?

Dharmaraja Koil Street is classified as Residential Class I Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 83,00,000, the stamp duty would be Rs 5,81,000 and the registration fee would be Rs 1,66,000, totaling Rs 7,47,000.

Where is the Sub Registrar Office for Dharmaraja Koil Street located?

The Sub Registrar Office for Dharmaraja Koil Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.