Guideline Value for Dhimmasamy Dharga 1st Street

Dhimmasamy Dharga 1st Street guideline value

The current guideline value for Dhimmasamy Dharga 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Dhimmasamy Dharga 1st Street has changed

The guideline value for Dhimmasamy Dharga 1st Street has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 1,600 per sq.ft in 2012. However, it decreased to Rs 1,072 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,600 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The value then increased by 6% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 89%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Dhimmasamy Dharga 1st Street is below this median.

• Dhimmasamy Dharga 2nd Street: Rs 1,700 per sq.ft (2024)
• Dhimmasamy Dharga 3rd Street: Rs 1,700 per sq.ft (2024)
• Dhimmasamy Dharga 4th Street: Rs 1,700 per sq.ft (2024)
• Dhanammal Street: Rs 1,900 per sq.ft (2024)
• Dhamotharan Street: Rs 1,900 per sq.ft (2024)
• Duraisamy Mudali Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Dhimmasamy Dharga 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total charges Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhimmasamy Dharga 1st Street?

The Sub Registrar Office that covers Dhimmasamy Dharga 1st 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 Sembiam

The guideline value is a crucial factor in the registration of property transactions in Sembiam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This transparency is essential for ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Dhimmasamy Dharga 1st Street?

The current guideline value of Dhimmasamy Dharga 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, with various revisions in between, including Rs 1,600 in 2012 and Rs 1,072 in 2017.

What is the land classification for Dhimmasamy Dharga 1st Street?

Dhimmasamy Dharga 1st Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Dhimmasamy Dharga 1st Street?

The Sub Registrar Office for Dhimmasamy Dharga 1st Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Sembiam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.