Guideline Value for Dhimmasamy Dharga 3rd Street

Dhimmasamy Dharga 3rd Street guideline value

The current guideline value for Dhimmasamy Dharga 3rd 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 3rd Street has changed

The guideline value for Dhimmasamy Dharga 3rd Street has seen several revisions over the years. In 2002, the guideline value was Rs 521 per sq.ft. This increased to Rs 900 per sq.ft in 2007, marking a significant rise of 73%. By 2012, the value reached Rs 1,600 per sq.ft, reflecting an increase of 78% from the previous revision. However, between 2012 and 2017, the value dropped to Rs 1,072 per sq.ft, a decrease of 33%. The next revision in 2023 saw the value rise to Rs 1,600 per sq.ft, an increase of 49%. Finally, the current value for 2024 is Rs 1,700 per sq.ft, which is a 6% increase from 2023. The register has no figure for this street in 2003.

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 3rd Street is below this median.

• Dhimmasamy Dharga 2nd Street: Rs 1,700 per sq.ft (2024)
• Dhimmasamy Dharga 4th Street: Rs 1,700 per sq.ft (2024)
• Dhimmasamy Dharga 1st 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value is 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. Together, the total cost would be Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhimmasamy Dharga 3rd Street?

The Sub Registrar Office that covers Dhimmasamy Dharga 3rd 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 an essential factor when registering property in Sembiam. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees applicable during the transaction.

When buying or selling property, both the buyer and seller must consider the guideline value as it ensures compliance with the legal requirements set by the registration department. It is crucial to check the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dhimmasamy Dharga 3rd Street?

The current guideline value of Dhimmasamy Dharga 3rd 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 521 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, showing an overall increase of 226% over this period.

What are the stamp duty and registration fees for property in Dhimmasamy Dharga 3rd Street?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office is responsible for Dhimmasamy Dharga 3rd Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, is responsible for Dhimmasamy Dharga 3rd Street.

What is the land classification for Dhimmasamy Dharga 3rd Street?

Dhimmasamy Dharga 3rd Street is classified as Residential Class II Type - II, indicating the type of development allowed in this area.