Guideline Value for Dhayalu Nagar 5th Street

Dhayalu Nagar 5th Street guideline value

The current guideline value of Dhayalu Nagar 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the jurisdiction of the Sembiam SRO, and is classified as Residential Class I Type - I.

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

The guideline value for Dhayalu Nagar 5th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, this value decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The latest revision in 2024 has brought the guideline value back up to Rs 3,300 per sq.ft, reflecting a 64% increase from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 230%. It is important to note that there are no figures available in the register for the years 2023, 2003, and 2002 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. The median value is Rs 3,300 per sq.ft, which is exactly the guideline value for Dhayalu Nagar 5th Street.

• Dhayalu Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhayalu Nagar 5th 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, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhayalu Nagar 5th Street?

The Sub Registrar Office that covers Dhayalu Nagar 5th 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 during property registration in Kolathur. It serves as a benchmark for determining the minimum value of the property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

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

The current guideline value of Dhayalu Nagar 5th 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 from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 230% over the years.

What is the classification of land in Dhayalu Nagar 5th Street?

Dhayalu Nagar 5th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Dhayalu Nagar 5th Street?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 3,300 per sq.ft would incur a total guideline value of Rs 33,00,000.