Guideline Value for Dharmaraja koil street

Dharmaraja koil street guideline value

The current guideline value of Dharmaraja koil street in Chindadripet village under the Periamet SRO is Rs 5,500 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - III.

How the guideline value of Dharmaraja koil street has changed

Over the years, the guideline value for Dharmaraja koil street has seen significant changes. In 2007, the guideline value was Rs 700 per sq.ft, which increased dramatically to Rs 5,000 per sq.ft by 2012, marking a rise of 614%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The value then surged to Rs 5,000 per sq.ft in 2023, reflecting a 49% increase, and has further risen to Rs 5,500 per sq.ft in the 2024 revision, a 10% increase.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 686%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, placing Dharmaraja koil street's 2024 figure above this median.

• Devaraj sarang lane: Rs 3,300 per sq.ft (2024)
• Dr.Govindan street: Rs 4,400 per sq.ft (2024)
• Dams Road: Rs 11,000 per sq.ft (2024)
• East coovam road / Street: Rs 3,800 per sq.ft (2024)
• Cox street: Rs 2,900 per sq.ft (2024)
• Cox colony: Rs 2,900 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 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. 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 Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Chindadripet. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the taxes reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of Dharmaraja koil street?

The current guideline value of Dharmaraja koil street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 5,500 per sq.ft in 2024, representing an overall increase of 686%.

What is the land classification for Dharmaraja koil street?

Dharmaraja koil street is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Dharmaraja koil street?

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

How is the stamp duty calculated for properties in Chindadripet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at 7%.