Guideline Value for Dharmaraja koil Street (ward 4)

Dharmaraja koil Street (ward 4) guideline value

The current guideline value of Dharmaraja koil Street (ward 4) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dharmaraja koil Street (ward 4) has changed

The guideline value for Dharmaraja koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions highlight the increasing value of properties in the area, with a 49% increase from 2017 to 2023.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which aligns with the guideline value of Dharmaraja koil Street (ward 4).

• Devi Karumariamman Nagar: Rs 2,200 per sq.ft (2024)
• Chozhan Nagar: Rs 2,200 per sq.ft (2024)
• Essra Nagar: Rs 3,290 per sq.ft (2024)
• B.T. Nagar (ward 5): Rs 2,750 per sq.ft (2024)
• B.T. Nagar (ward 4): Rs 2,750 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja koil Street (ward 4)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the 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 Street (ward 4)?

The Sub Registrar Office that covers Dharmaraja koil Street (ward 4) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registry. This helps maintain transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Dharmaraja koil Street (ward 4)?

The current guideline value of Dharmaraja koil Street (ward 4) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the land classification for Dharmaraja koil Street (ward 4)?

Dharmaraja koil Street (ward 4) is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Which office handles property registration for this street?

The Pammal Sub Registrar Office is responsible for handling property registrations for Dharmaraja koil Street (ward 4), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Kolapakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current stamp duty rate is 7%, while the registration fee is 2% of the guideline value or sale price.