Guideline Value for D.T.P ROAD

D.T.P Road guideline value

The current guideline value of D.T.P Road is Rs 3,200 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of D.T.P Road has changed

The guideline value for D.T.P Road has seen significant changes over the years. In 2002, the guideline value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 600 per sq.ft in 2007, reflecting a 30% increase. Following this, the value jumped to Rs 3,000 per sq.ft in 2012, representing a remarkable 400% increase from the previous revision. However, it decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value was Rs 3,000 per sq.ft, and it increased by 7% to reach the current value of Rs 3,200 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 662%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for D.T.P Road is above this median.

• Dr. Ram Street: Rs 2,200 per sq.ft (2024)
• East Avenue Association Quarters: Rs 4,900 per sq.ft (2024)
• Dr. Ambedkar Nagar 8th Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 7th Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 6th Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in D.T.P Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total fees to Rs 2,88,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers D.T.P Road?

The Sub Registrar Office that covers D.T.P Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perambur, as it determines the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty, which is a mandatory fee paid to the government. This ensures that the transaction is officially recorded and legally binding.

Frequently asked questions

What is the current guideline value of D.T.P Road?

The current guideline value of D.T.P Road is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 420 per sq.ft in 2002 to Rs 3,200 per sq.ft in 2024, showing an overall increase of 662%.

What are the stamp duty and registration fees for property in D.T.P Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 32,00,000. The stamp duty is Rs 2,24,000, and the registration fee is Rs 64,000, totaling Rs 2,88,000.

Which Sub Registrar Office covers D.T.P Road?

The Purasaivakkam Sub Registrar Office covers D.T.P Road, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of D.T.P Road?

D.T.P Road is classified as Residential Class III Type - I, which is relevant for determining the guideline value and property usage.