Guideline Value for Dhayalu Nagar 6th Cross Street

Dhayalu Nagar 6th Cross Street guideline value

The current guideline value of Dhayalu Nagar 6th 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 6th Cross Street has changed

The guideline value for Dhayalu Nagar 6th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The most recent revision in 2024 sees the guideline value rising to Rs 3,300 per sq.ft, reflecting a substantial increase of 64% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, 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, with a median value of Rs 3,300 per sq.ft. The guideline value of Dhayalu Nagar 6th Cross Street aligns with this median.

• Dhayalu Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 8th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhayalu Nagar 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is 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, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhayalu Nagar 6th Cross Street?

The Sub Registrar Office that covers Dhayalu Nagar 6th Cross 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 component in the registration process when buying or selling property in Kolathur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is officially recorded at a value recognized by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency in property transactions and helps the government collect the appropriate taxes based on the agreed sale price or the guideline value, whichever is higher.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 6th Cross Street?

The current guideline value of Dhayalu Nagar 6th 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 changed 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 the years.

What is the stamp duty rate for properties in Dhayalu Nagar 6th Cross Street?

The stamp duty rate for properties in Dhayalu Nagar 6th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Dhayalu Nagar 6th Cross Street.

Are there other streets in Kolathur with the same guideline value?

Yes, there are several other streets in Kolathur under the Sembiam SRO with the same guideline value of Rs 3,300 per sq.ft, including Dhayalu Nagar 5th Street, Dhayalu Nagar 6th Street, and others.