Guideline Value for Dhayalu Nagar 2nd Street

Dhayalu Nagar 2nd Street guideline value

The current guideline value of Dhayalu Nagar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dhayalu Nagar 2nd Street has changed

In the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. There is no figure available for the years 2002, 2003, and 2017 in the register for this street.

From 2023 to 2024, the guideline value increased by 10% to Rs 3,300 per sq.ft. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value 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 2nd Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total costs 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.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhayalu Nagar 2nd Street?

The Sub Registrar Office that covers Dhayalu Nagar 2nd 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 a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 2nd Street?

The current guideline value of Dhayalu Nagar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much 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, representing a total increase of 230% over the years.

What are the stamp duty and registration fees for property transactions?

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 registrations for Dhayalu Nagar 2nd Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Dhayalu Nagar 2nd Street.

What is the land classification for Dhayalu Nagar 2nd Street?

Dhayalu Nagar 2nd Street is classified as Residential Class I Type - I.