Guideline Value for D.S.G. MAIN ROAD

D.S.G. Main Road guideline value

The current guideline value of D.S.G. Main Road in Palavakkam village, under the Neelankarai SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of D.S.G. Main Road has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. The value then saw a significant increase to Rs 2,500 per sq.ft in the 2023 revision, followed by another increase to the current rate of Rs 2,800 per sq.ft in 2024, reflecting a 12% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street in the register.

Guideline values in Palavakkam

Palavakkam has a total of 349 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,300 per sq.ft, which means that the guideline value of D.S.G. Main Road is below this median.

• D.S.G. Main Road 1st Street: Rs 2,800 per sq.ft (2024)
• D.S.G. Main Road 2nd Street: Rs 2,800 per sq.ft (2024)
• D.S.G.Nagar: Rs 2,800 per sq.ft (2024)
• East Coast Road (New Mahablipuram Road & Muttukadu Road): Rs 8,300 per sq.ft (2024)
• Estate 2nd Main Road: Rs 8,800 per sq.ft (2024)
• E.V.R.Periyar Salai Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in D.S.G. Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers D.S.G. Main Road?

The D.S.G. Main Road is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Palavakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that they are prepared for the financial implications of these fees based on the guideline value applicable to the property.

Frequently asked questions

What is the current guideline value of D.S.G. Main Road?

The current guideline value of D.S.G. Main Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for D.S.G. Main Road?

D.S.G. Main Road falls under the Residential Class III Type - I land classification.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties on D.S.G. Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,800 per sq.ft, the stamp duty would be Rs 1,96,000.