Guideline Value for D.R.R.Street

D.R.R.Street guideline value

The current guideline value of D.R.R.Street in Thirumullaivoyal village, under the Ambattur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - II.

How the guideline value of D.R.R.Street has changed

The guideline value for D.R.R.Street has seen significant changes over the years. In 2002, the value was Rs 116 per sq.ft, which increased to Rs 140 per sq.ft in 2003, marking a 21% rise. By 2007, the value surged to Rs 400 per sq.ft, reflecting a substantial increase of 186%. The value remained at Rs 400 per sq.ft until the 2012 revision, where it was unchanged at Rs 2,500 per sq.ft. In 2023, the value continued at Rs 2,500 per sq.ft, before rising to Rs 2,700 per sq.ft in 2024, which is an 8% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2,228%. It is important to note that the register has no figure for D.R.R.Street in 2017.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, making D.R.R.Street's 2024 value above the median.

• Dr.Murugesan Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)
• East Mada Street: Rs 2,400 per sq.ft (2024)
• Easwaran Koil Street: Rs 2,400 per sq.ft (2024)
• Elango Street: Rs 2,700 per sq.ft (2024)
• Doctor Annebesant Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)
• Elangovadigal Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in D.R.R.Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to 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 further calculations.

Which Sub Registrar Office covers D.R.R.Street?

The Sub Registrar Office that covers D.R.R.Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to determine the applicable fees, which may vary depending on the property's value. Buyers and sellers must be aware of the guideline value to understand the financial implications during the registration process.

Frequently asked questions

What is the current guideline value of D.R.R.Street?

The current guideline value of D.R.R.Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 116 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 2,228% over this period.

What is the land classification for D.R.R.Street?

The land classification for D.R.R.Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for D.R.R.Street?

The Sub Registrar Office for D.R.R.Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is stamp duty calculated for properties in D.R.R.Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.