Guideline Value for SOUTH DHANDAPANI STREET / DHANDAPANI STREET

South Dhandapani Street / Dhandapani Street guideline value

The current guideline value for South Dhandapani Street / Dhandapani Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, and it falls under the land classification of Mixed Special Type - II.

How the guideline value of South Dhandapani Street / Dhandapani Street has changed

In the 2017 revision, the guideline value was recorded at Rs 8,040 per sq.ft. This figure saw a significant increase in the 2023 revision, rising to Rs 12,000 per sq.ft, marking a 49% increase. The most recent 2024 revision further increased the guideline value to Rs 13,200 per sq.ft, reflecting a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figure for South Dhandapani Street / Dhandapani Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value in this area is Rs 11,000 per sq.ft, placing South Dhandapani Street / Dhandapani Street above this median.

• South Boag Road (Southern Side Of Thiagaraya Road): Rs 14,300 per sq.ft (2024)
• South Boag Road Mtb Scheme: Rs 7,700 per sq.ft (2024)
• Soundarajan Street: Rs 6,600 per sq.ft (2024)
• South West Boag Road: Rs 11,000 per sq.ft (2024)
• Somasundaram Pillai Street: Rs 11,000 per sq.ft (2024)
• Solaiappan Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in South Dhandapani Street / Dhandapani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers South Dhandapani Street / Dhandapani Street?

The Sub Registrar Office that covers South Dhandapani Street / Dhandapani Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tnagar, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to calculate the applicable stamp duty and registration fees during the transaction process.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. It ensures that the property is registered at a value that reflects the current market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value for South Dhandapani Street / Dhandapani Street?

The current guideline value for South Dhandapani Street / Dhandapani Street is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2017 revision at Rs 8,040 per sq.ft, increasing to Rs 12,000 per sq.ft in 2023, and then to Rs 13,200 per sq.ft in 2024.

What is the land classification for South Dhandapani Street / Dhandapani Street?

The land classification for South Dhandapani Street / Dhandapani Street is Mixed Special Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering South Dhandapani Street / Dhandapani Street is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Tnagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,32,00,000 would incur a stamp duty of Rs 9,24,000 at the rate of 7%.