Guideline Value for Dharmaraja koil Street

Dharmaraja koil Street guideline value

The current guideline value of Dharmaraja koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kovur village under the Kunrathur Sub Registrar Office (SRO), and the land classification is Residential Special Type - I.

How the guideline value of Dharmaraja koil Street has changed

The guideline value for Dharmaraja koil Street has seen several revisions over the years. In 2003, the guideline value was Rs 112 per sq.ft. This increased significantly to Rs 595 per sq.ft in 2007, marking a change of +431%. In 2012, the value remained at Rs 1,500 per sq.ft, which was a decrease of -33% from the previous revision. The guideline value then rose to Rs 1,005 per sq.ft in 2017, reflecting a +49% increase. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent revision for 2024 has increased it to Rs 1,650 per sq.ft, which is a +10% change.

It is important to note that the register has no figure for Dharmaraja koil Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by +1373%.

Guideline values in Kovur

Kovur village has a total of 91 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Dharmaraja koil Street.

• Dharmalingam Avenue: Rs 1,650 per sq.ft (2024)
• Deivarathinam Nagar: Rs 1,430 per sq.ft (2024)
• East Madaveethi: Rs 1,320 per sq.ft (2024)
• Eswaran Nagar: Rs 1,320 per sq.ft (2024)
• Eswaran Nagar Annex: Rs 1,320 per sq.ft (2024)
• Gangadhran street: Rs 2,300 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kovur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers should be aware that the guideline value is set by the government and is updated periodically.

When a property is sold, the sale price is compared to the guideline value, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the market conditions and the property’s assessed value.

Frequently asked questions

What is the current guideline value of Dharmaraja koil Street?

The current guideline value of Dharmaraja koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 112 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of +1373% over the years.

What is the land classification for Dharmaraja koil Street?

Dharmaraja koil Street is classified as Residential Special Type - I.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property in Dharmaraja koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.