Guideline Value for Dinesh Nagar Sriram Street

Dinesh Nagar Sriram Street guideline value

The current guideline value of Dinesh Nagar Sriram Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Dinesh Nagar Sriram Street has changed

The guideline value for Dinesh Nagar Sriram Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 62%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The significant changes between revisions highlight the evolving nature of property values in the area.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is equal to the 2024 figure for Dinesh Nagar Sriram Street.

• Dinesh Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Thiruvallur Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Gandhi Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar V.O.C. Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Elango Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Bharathidasan Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dinesh Nagar Sriram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on either the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dinesh Nagar Sriram Street?

The Sub Registrar Office covering Dinesh Nagar Sriram Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role during property transactions in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area. Buyers and sellers should be aware that the guideline value serves as a reference point for the official valuation of the property.

When registering a property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions. This helps maintain transparency and fairness in property dealings within the Konnur SRO jurisdiction.

Frequently asked questions

What is the current guideline value of Dinesh Nagar Sriram Street?

The current guideline value of Dinesh Nagar Sriram Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% over this period.

Which Sub Registrar Office covers Dinesh Nagar Sriram Street?

The Konnur Sub Registrar Office covers Dinesh Nagar Sriram Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the stamp duty rate for properties in Dinesh Nagar Sriram Street?

The stamp duty rate for properties in Dinesh Nagar Sriram Street is 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value in 44.Ayanambakkam?

Yes, there are several other streets in 44.Ayanambakkam with the same guideline value of Rs 1,300 per sq.ft for 2024, including Dinesh Nagar Main Road, Dinesh Nagar Thiruvallur Street, and others.