Guideline Value for Dharmaraja Street

Dharmaraja Street guideline value

The current guideline value of Dharmaraja Street in Gooduvancheri village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Dharmaraja Street has changed

The guideline value for Dharmaraja Street has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which remained unchanged in the 2023 revision. The current 2024 revision also holds the value at Rs 1,100 per sq.ft, indicating no change from the previous year, but a significant increase of 49% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, making the guideline value of Dharmaraja Street below that median.

• Devi Nagar: Rs 1,100 per sq.ft (2024)
• Devaraj Naikkar Street: Rs 1,200 per sq.ft (2024)
• Defence Colony: Rs 1,500 per sq.ft (2024)
• Ekambaram Nagar: Rs 2,001 per sq.ft (2024)
• Chirpi Naagar I & II: Rs 1,500 per sq.ft (2024)
• Ellappa Avenue: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja 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, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharmaraja Street?

The Dharmaraja Street falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Gooduvancheri. 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 overall costs involved in the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher amount will be used for calculating the applicable duties.

Frequently asked questions

What is the current guideline value of Dharmaraja Street?

The current guideline value of Dharmaraja 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 remained at Rs 1,100 per sq.ft since the 2023 revision, with a significant increase of 49% from Rs 737 per sq.ft in 2017.

What are the other streets in Gooduvancheri with their guideline values?

Other streets in Gooduvancheri include Devi Nagar at Rs 1,100, Devaraj Naikkar Street at Rs 1,200, Defence Colony at Rs 1,500, Ekambaram Nagar at Rs 2,001, Chirpi Naagar I & II at Rs 1,500, and Ellappa Avenue at Rs 1,200 per sq.ft for 2024.

What is the stamp duty rate for properties in Dharmaraja Street?

The stamp duty for properties in Dharmaraja Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.