Guideline Value for Dhayalu Nagar 7th Street

Dhayalu Nagar 7th Street guideline value

The current guideline value of Dhayalu Nagar 7th 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 7th Street has changed

The guideline value for Dhayalu Nagar 7th Street has undergone several revisions over the years. In 2007, the guideline 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, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is 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 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 equal to the guideline value of Dhayalu Nagar 7th Street.

• Dhayalu Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar Main Road: Rs 4,900 per sq.ft (2024)
• Dhayalu Nagar 5th 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 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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 fees to Rs 2,97,000. Please 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 detailed calculations.

Which Sub Registrar Office covers Dhayalu Nagar 7th Street?

The Sub Registrar Office that covers Dhayalu Nagar 7th 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 critical factor when buying or selling property in Kolathur, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are proportional to the property's value.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 7th Street?

The current guideline value of Dhayalu Nagar 7th 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 are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Dhayalu Nagar 7th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Dhayalu Nagar 7th Street.

What is the land classification of Dhayalu Nagar 7th Street?

Dhayalu Nagar 7th Street is classified as Residential Class I Type - I.