Guideline Value for Dinakar Street

Dinakar Street guideline value

The current guideline value of Dinakar Street in Perungalathur village is Rs 2,310 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class II Type - I.

How the guideline value of Dinakar Street has changed

Over the years, the guideline value of Dinakar Street has seen significant changes. In the 2007 revision, the value was Rs 200 per sq.ft. This figure increased dramatically to Rs 2,100 per sq.ft in the 2012 revision, marking a rise of 950%. However, in the 2017 revision, the value dropped to Rs 1,407 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw the value increase to Rs 2,100 per sq.ft, followed by a rise to Rs 2,310 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 1,055%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which matches the current guideline value of Dinakar Street.

• Dr. Karunanithi Street: Rs 2,310 per sq.ft (2024)
• Drowpathy Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Devi Karumari Amman Nagar: Rs 2,310 per sq.ft (2024)
• Devika Nagar: Rs 1,990 per sq.ft (2024)
• Dr Radhakrishnan Road: Rs 1,980 per sq.ft (2024)
• Devarajan Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dinakar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost to Rs 2,07,900. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dinakar Street?

The Sub Registrar Office that covers Dinakar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It serves as a benchmark for determining the minimum price at which a property can be sold or registered. When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value will be used to calculate the applicable stamp duty and registration fees.

During the registration process, the guideline value ensures that the government receives appropriate revenue from property transactions. Buyers should be aware of the guideline value, as it directly impacts the costs associated with buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Dinakar Street?

The current guideline value of Dinakar Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, marking an overall increase of 1,055%.

What is the land classification of Dinakar Street?

Dinakar Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Dinakar Street?

The Padappai Sub Registrar Office covers Dinakar Street and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties on Dinakar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 at 7%.