Guideline Value for Dhayalu Nagar Main Road

Dhayalu Nagar Main Road guideline value

The current guideline value of Dhayalu Nagar Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Mixed Type - I land.

How the guideline value of Dhayalu Nagar Main Road has changed

Over the years, the guideline value of Dhayalu Nagar Main Road has seen significant changes. The earliest recorded revision was in 2007, where the guideline value was Rs 1,000 per sq.ft. This increased to Rs 4,500 per sq.ft in 2012, marking a remarkable increase of 350%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, reflecting an increase of 63% from the previous revision in 2017.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has risen by 390%.

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. The median value for these streets is Rs 3,300 per sq.ft, placing Dhayalu Nagar Main Road's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhayalu Nagar Main Road?

The Sub Registrar Office that covers Dhayalu Nagar Main Road 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 plays a crucial role in property transactions in Kolathur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure that they are paying the correct fees during the registration process.

When registering a property, the guideline value is considered a benchmark for the transaction. It helps in assessing the value of the property and ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhayalu Nagar Main Road?

The current guideline value of Dhayalu Nagar Main Road is Rs 4,900 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 4,900 per sq.ft in 2024, reflecting a 390% increase overall.

What is the land classification for Dhayalu Nagar Main Road?

Dhayalu Nagar Main Road is classified as Mixed Type - I land.

What are the stamp duty and registration fees for a property in Dhayalu Nagar Main Road?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Where is the Sub Registrar Office for Dhayalu Nagar Main Road located?

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