Guideline Value for Dhasan Street

Dhasan Street guideline value

The current guideline value of Dhasan Street in Konnur village, under the Konnur SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Dhasan Street has changed

The guideline value of Dhasan Street has seen several revisions over the years. In 2002, the guideline value was Rs 203 per sq.ft, which increased to Rs 220 per sq.ft in 2003. The value then rose significantly to Rs 700 per sq.ft in 2007, followed by a substantial increase to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023 before reaching the current value of Rs 2,750 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. The overall change from 2002 to 2024 shows a significant increase of 1,255% in the guideline value for Dhasan Street.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft. Dhasan Street's 2024 guideline value is below this median.

• Dhenadhayalan Street: Rs 3,800 per sq.ft (2024)
• Dhamodhara Perumal Colony: Rs 3,800 per sq.ft (2024)
• Dhadhan Kuppam Puducherry: Rs 3,800 per sq.ft (2024)
• Devar Street and Extension: Rs 5,500 per sq.ft (2024)
• Damodarapurumal Colony 1 to 5th Street and Cross Street: Rs 3,800 per sq.ft (2024)
• Damodaran Lane & Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dhasan Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhasan Street?

Dhasan Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Konnur. It establishes the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to assess the transaction's value for taxation purposes. Buyers and sellers must consider the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dhasan Street?

The current guideline value of Dhasan Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Dhasan Street has changed from Rs 203 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 1,255% over the years.

What is the land classification of Dhasan Street?

Dhasan Street is classified as Residential Class III Type - I, which indicates the type of development allowed in the area.

What are the stamp duty and registration fees for Dhasan Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs amount to Rs 2,47,500.

Where can I find the Sub Registrar Office for Dhasan Street?

The Konnur Sub Registrar Office covers Dhasan Street and is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.