Guideline Value for Dhasthagiri Sahib Street

Dhasthagiri Sahib Street guideline value

The current guideline value of Dhasthagiri Sahib Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Class II Type - I.

How the guideline value of Dhasthagiri Sahib Street has changed

The guideline value for Dhasthagiri Sahib Street has seen several revisions over the years. In 2002, the value was Rs 80 per sq.ft, which increased to Rs 90 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 150 per sq.ft in 2007, an increase of +67%. By 2012, the value was Rs 400 per sq.ft, reflecting a significant increase of +167%. However, from 2012 to 2017, the value dropped to Rs 268 per sq.ft, a decrease of -33%. The value then rose again to Rs 400 per sq.ft in 2023 and remained the same in the 2024 revision, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by +400%. It is important to note that there are no figures available for the years between 2017 and 2023 for this street in the register.

Guideline values in Arani

In Arani village, there are 51 streets under the Arani_Tiruvallur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, placing Dhasthagiri Sahib Street's 2024 figure above that median.

• Erular Colony: Rs 300 per sq.ft (2024)
• Chetti Street: Rs 500 per sq.ft (2024)
• B.V.T. Nagar: Rs 600 per sq.ft (2024)
• Gattu Namasivayam Street: Rs 500 per sq.ft (2024)
• Gattu Street: Rs 300 per sq.ft (2024)
• Gokulam Avenue: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Dhasthagiri Sahib Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhasthagiri Sahib Street?

The Sub Registrar Office that covers Dhasthagiri Sahib Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arani. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhasthagiri Sahib Street?

The current guideline value of Dhasthagiri Sahib Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2002 to Rs 400 per sq.ft in 2024, reflecting an overall increase of +400% over the years.

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

Other streets in Arani have varying guideline values, with Erular Colony at Rs 300 per sq.ft and B.V.T. Nagar at Rs 600 per sq.ft in 2024.

What is the stamp duty for property in Dhasthagiri Sahib Street?

The stamp duty for property in Dhasthagiri Sahib Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Dhasthagiri Sahib Street located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.