Guideline Value for Dhayalu Nagar 5th Cross Street

Dhayalu Nagar 5th Cross Street guideline value

The current guideline value of Dhayalu Nagar 5th 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 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dhayalu Nagar 5th Cross Street has changed

The guideline value for Dhayalu Nagar 5th Cross Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,000 per sq.ft. This figure increased dramatically to Rs 3,000 per sq.ft in the 2012 revision, marking a 200% increase. The value remained unchanged at Rs 3,000 per sq.ft in the 2023 revision.

With the latest 2024 revision, the guideline value has increased to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year. Overall, from 2007 to 2024, there has been a significant increase of 230% in the guideline value for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with the median value being Rs 3,300 per sq.ft. The guideline value for Dhayalu Nagar 5th Cross Street aligns with this median.

• Dhayalu Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhayalu Nagar 5th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling 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 more details.

Which Sub Registrar Office covers Dhayalu Nagar 5th Cross Street?

The Dhayalu Nagar 5th Cross Street falls under the jurisdiction of 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 plays a crucial role during the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is taken into account to calculate the applicable duties. Buyers should be aware that the registration process requires the payment of these fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 5th Cross Street?

The current guideline value of Dhayalu Nagar 5th 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 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 are the stamp duty rates applicable in Dhayalu Nagar 5th Cross Street?

The stamp duty rate for properties in Dhayalu Nagar 5th Cross Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Dhayalu Nagar 5th Cross Street?

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

What is the land classification for Dhayalu Nagar 5th Cross Street?

The land classification for Dhayalu Nagar 5th Cross Street is Residential Class I Type - I.