Guideline Value for Dhayalu Nagar 1st Street

Dhayalu Nagar 1st Street guideline value

The current guideline value of Dhayalu Nagar 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, 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 Street has changed

Over the years, the guideline value for Dhayalu Nagar 1st Street has seen significant changes. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a remarkable increase of 200% from 2007 to 2012, while the overall increase from 2007 to 2024 stands at 230%. Notably, there are no figures for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kolathur

Kolathur village has a total of 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Dhayalu Nagar 1st Street.

• Dhayalu Nagar 1st Cross 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 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 at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhayalu Nagar 1st Street?

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

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

The guideline value is a crucial factor during the registration of property transactions in Kolathur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When buying or selling a property, the guideline value aids in calculating the applicable stamp duty and registration fees, which are essential costs associated with the transaction. This ensures transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of Dhayalu Nagar 1st 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 increased from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230% over this period.

What is the land classification for Dhayalu Nagar 1st Street?

The land classification for Dhayalu Nagar 1st Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Dhayalu Nagar 1st Street?

The Sub Registrar Office for Dhayalu Nagar 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Dhayalu Nagar 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.