Guideline Value for Dhayalu Nagar 3rd Street

Dhayalu Nagar 3rd Street guideline value

The current guideline value of Dhayalu Nagar 3rd 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) and is classified as Residential Class I Type - I.

How the guideline value of Dhayalu Nagar 3rd Street has changed

The guideline value for Dhayalu Nagar 3rd Street has undergone several revisions over the years. The earliest available figure is from 2007, when the guideline value was Rs 1,000 per sq.ft. This figure saw a significant increase in 2012, remaining at Rs 3,000 per sq.ft. In 2023, the guideline value was again Rs 3,000 per sq.ft, and it was revised to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 230%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kolathur

In Kolathur village, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which aligns with the guideline value of Dhayalu Nagar 3rd Street for 2024.

• Dhayalu Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhayalu Nagar 3rd 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, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 more precise calculations.

Which Sub Registrar Office covers Dhayalu Nagar 3rd Street?

The Sembiam Sub Registrar Office covers Dhayalu Nagar 3rd Street, 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 property transactions in Kolathur, as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to be aware of the current guideline value to avoid discrepancies in the transaction process.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 3rd Street?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 230% over the period.

What are the other streets with the same guideline value in Kolathur?

Several other streets in Kolathur have the same guideline value of Rs 3,300 per sq.ft for 2024, including Dhayalu Nagar 3rd Cross Street, Dhayalu Nagar 4th Cross Street, and others.

What are the stamp duty and registration fees for a property in Dhayalu Nagar 3rd Street?

For a 1,000 sq.ft plot at the guideline value of Rs 3,300 per sq.ft, the total guideline value would be 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.

Where is the Sub Registrar Office for Dhayalu Nagar 3rd Street located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, and it covers Dhayalu Nagar 3rd Street.