Guideline Value for Dhimmasamy Dharga 4th Street

Dhimmasamy Dharga 4th Street guideline value

The current guideline value for Dhimmasamy Dharga 4th 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 4th Street has changed

The guideline value for Dhimmasamy Dharga 4th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 521 per sq.ft, which increased to Rs 900 per sq.ft in 2007. The value saw a significant rise of 73% during this period. Following that, the 2012 revision set the value at Rs 1,600 per sq.ft, marking a 78% increase from the previous figure. However, the 2017 revision saw a decrease to Rs 1,072 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 1,600 per sq.ft in 2023, before reaching the current rate of Rs 1,700 per sq.ft in the 2024 revision, which is a 6% increase from the previous year. The register has no figure for this street in 2003.

Guideline values in Sembiam

In Sembiam, 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. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that Dhimmasamy Dharga 4th Street's 2024 figure is below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the 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 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhimmasamy Dharga 4th Street?

The Sub Registrar Office that covers Dhimmasamy Dharga 4th 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 plays a crucial role during the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must ensure that the transaction is registered at the Sembiam SRO, where the guideline value will be used to calculate the applicable charges. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dhimmasamy Dharga 4th Street?

The current guideline value of Dhimmasamy Dharga 4th 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 seen several revisions, starting from Rs 521 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 226% over the years.

What is the land classification for Dhimmasamy Dharga 4th Street?

Dhimmasamy Dharga 4th Street is classified as Residential Class II Type - II.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office 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 higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at 7%.