Guideline Value for D.S.P CITY

D.S.P City guideline value

The current guideline value of D.S.P City in Avaloor village is Rs 150 per sq.ft, effective from the 2024 revision. This area falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of D.S.P City has changed

Since the 2002 revision, the register has no figure for D.S.P City for the years 2002, 2003, and 2007. The 2012 revision set the guideline value at Rs 150 per sq.ft, which remained unchanged in the 2017 revision, where it was revised down to Rs 100 per sq.ft. The 2023 revision brought it back to Rs 150 per sq.ft, which was maintained in the 2024 revision, showing no percentage change from 2023 to 2024.

From 2012 to 2017, there was a decrease of 33%, followed by a 50% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value per sq.ft has remained the same, at Rs 150.

Guideline values in Avaloor

Avaloor village has 13 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with a median value of Rs 200 per sq.ft. D.S.P City’s current guideline value is below this median.

• Duraiswamy Naicker Nagar: Rs 200 per sq.ft (2024)
• Duraiswamy Naiker Nagar: Rs 200 per sq.ft (2024)
• Metro City Phase-IV: Rs 250 per sq.ft (2024)
• Poorna Nagar: Rs 150 per sq.ft (2024)
• Raghavan Naicker Nagar: Rs 100 per sq.ft (2024)
• R.V.Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in D.S.P City

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.S.P City?

The Sub Registrar Office that covers D.S.P City is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Avaloor, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value must be considered to ensure compliance with local regulations.

During the registration process, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the property is appropriately valued for taxation purposes.

Frequently asked questions

What is the current guideline value of D.S.P City?

The current guideline value of D.S.P City is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most notable being a decrease to Rs 100 per sq.ft in 2017 and then returning to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification of D.S.P City?

D.S.P City is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated in D.S.P City?

Stamp duty in D.S.P City is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500 at a rate of 7%.