Guideline Value for Dhenadhayalan Street

Dhenadhayalan Street guideline value

The current guideline value of Dhenadhayalan Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dhenadhayalan Street has changed

The guideline value for Dhenadhayalan Street has seen several revisions over the years. In 2002, the value was Rs 373 per sq.ft, which increased to Rs 405 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The 2023 revision marked an increase to Rs 3,500 per sq.ft, and the most recent 2024 revision set the value at Rs 3,800 per sq.ft.

In terms of percentage changes, the guideline value increased by 9% from 2023 to 2024. From 2017 to 2023, there was a notable rise of 49%. The value decreased by 33% from 2012 to 2017, while it saw a significant increase of 338% from 2007 to 2012. Between 2003 and 2007, the value increased by 98%, and from 2002 to 2003, it rose by 9%. Overall, from 2002 to 2024, the guideline value has increased by 919%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value among these streets is Rs 3,800 per sq.ft, which is equal to the guideline value of Dhenadhayalan Street.

• Dhasan Street: Rs 2,750 per sq.ft (2024)
• Dhamodhara Perumal Colony: Rs 3,800 per sq.ft (2024)
• Dhadhan Kuppam Puducherry: Rs 3,800 per sq.ft (2024)
• Devar Street and Extension: Rs 5,500 per sq.ft (2024)
• Damodarapurumal Colony 1 to 5th Street and Cross Street: Rs 3,800 per sq.ft (2024)
• Damodaran Lane & Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenadhayalan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhenadhayalan Street?

The Sub Registrar Office that covers Dhenadhayalan Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Konnur

The guideline value is an essential factor in the registration process when buying or selling property in Konnur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction adheres to the legal requirements set by the government. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Dhenadhayalan Street?

The current guideline value of Dhenadhayalan Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 373 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with various revisions in between.

What is the land classification of Dhenadhayalan Street?

Dhenadhayalan Street is classified as Residential Class II Type - I under the Konnur SRO.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property in Dhenadhayalan Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,66,000.