Guideline Value for DABC Layout

DABC Layout guideline value

The current guideline value of DABC Layout in Menambedu village, under the Ambattur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of DABC Layout has changed

The guideline value for DABC Layout has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2023. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Overall, from 2012 to 2024, the guideline value has remained at Rs 1,000 per sq.ft. The 2023 to 2024 revision saw no change, maintaining the value at Rs 1,000 per sq.ft.

Guideline values in Menambedu

Within Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value of DABC Layout is below this median.

• Convent Street: Rs 1,000 per sq.ft (2024)
• Devagi Street: Rs 1,000 per sq.ft (2024)
• City babu Naidu Street: Rs 1,000 per sq.ft (2024)
• Devan Street: Rs 1,700 per sq.ft (2024)
• Devar Street (Arumuganagar): Rs 1,700 per sq.ft (2024)
• Devar Street (Gnanamoorthy Nagar): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in DABC Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total charges together Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers DABC Layout?

The DABC Layout is covered by 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 details.

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

The guideline value plays a crucial role in the property registration process in Menambedu. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of DABC Layout?

The current guideline value of DABC Layout is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in both 2023 and 2024. The 2023 to 2024 revision saw no change.

What is the land classification of DABC Layout?

DABC Layout is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for DABC Layout?

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

How is the stamp duty calculated for property in DABC Layout?

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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, leading to a stamp duty of Rs 70,000.