Guideline Value for Dhayalu Nagar 1st Cross Street

Dhayalu Nagar 1st Cross Street guideline value

The current guideline value of Dhayalu Nagar 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Dhayalu Nagar 1st Cross Street has changed

Over the years, the guideline value for Dhayalu Nagar 1st Cross Street has seen significant changes. The earliest available revision is from 2007, where the value was Rs 1,000 per sq.ft. This figure increased to Rs 3,000 per sq.ft in 2012, marking a 200% increase. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which raised it to Rs 3,300 per sq.ft, a 10% increase. The current guideline value reflects a total increase of 230% from the 2007 figure.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. The latest revision in 2024 sets the guideline value at Rs 3,300 per sq.ft, aligning with the median value of Rs 3,300 per sq.ft for the village, indicating a consistent valuation among several streets in the area.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is the same as the current guideline value for Dhayalu Nagar 1st Cross Street. Below are other streets in Kolathur with their respective guideline values:

• Dhayalu Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhayalu Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, calculated at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Therefore, the total cost for stamp duty and registration would be Rs 2,97,000. 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 Dhayalu Nagar 1st Cross Street?

The Sub Registrar Office that covers Dhayalu Nagar 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, the authorities will refer to the guideline value to assess the transaction's legitimacy and to ensure that the property is not undervalued. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 1st Cross Street?

The current guideline value of Dhayalu Nagar 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 230% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Dhayalu Nagar 1st Cross Street?

The Sembiam Sub Registrar Office handles property registrations for Dhayalu Nagar 1st Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for calculating the stamp duty and registration fees during property transactions. It ensures that properties are registered at a standardized valuation, maintaining transparency in the process.