Guideline Value for Dhayalu Nagar 8th Street

Dhayalu Nagar 8th Street guideline value

The current guideline value of Dhayalu Nagar 8th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Dhayalu Nagar 8th Street has changed

The guideline value for Dhayalu Nagar 8th Street has undergone several revisions since 2007. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% increase. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a drop of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 3,300 per sq.ft, 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 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Dhayalu Nagar 8th Street.

• Dhayalu Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar Main Road: Rs 4,900 per sq.ft (2024)
• Dhayalu Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Dhayalu Nagar 6th Cross Street: Rs 3,300 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 8th 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, making the total cost 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 precise calculations.

Which Sub Registrar Office covers Dhayalu Nagar 8th Street?

The Sub Registrar Office that covers Dhayalu Nagar 8th 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 in property transactions in Kolathur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they comply with the legal requirements during property transactions. This helps in avoiding any discrepancies or legal issues in the future.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar 8th Street?

The current guideline value of Dhayalu Nagar 8th 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, reflecting an overall increase of 230% over the years.

What are the stamp duty and registration fees for a property in Dhayalu Nagar 8th Street?

For a property valued at 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.

Which Sub Registrar Office covers this area?

The Sembiam Sub Registrar Office covers Dhayalu Nagar 8th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification of Dhayalu Nagar 8th Street?

Dhayalu Nagar 8th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.