Guideline Value for DAMODARAN NAGAR 1ST CROSS STREET

Damodaran Nagar 1st Cross Street guideline value

The current guideline value of Damodaran Nagar 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Damodaran Nagar 1st Cross Street has changed

The guideline value for Damodaran Nagar 1st Cross Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a 355% rise. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose to Rs 2,500 per sq.ft in the 2023 revision, and finally reached Rs 2,700 per sq.ft in the 2024 revision, representing an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 391%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, 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. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Damodaran Nagar 1st Cross Street.

• Damodaran Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Damodaran Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty is charged at 7%, which totals Rs 1,89,000, and the registration fee is 2%, amounting to Rs 54,000. Therefore, the total cost for stamp duty and registration fees together is 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Damodaran Nagar 1st Cross Street?

The Sub Registrar Office that covers Damodaran Nagar 1st Cross Street 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 an essential factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Damodaran Nagar 1st Cross Street?

The current guideline value of Damodaran Nagar 1st Cross 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 seen various changes, starting from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 391%.

What is the land classification for Damodaran Nagar 1st Cross Street?

Damodaran Nagar 1st Cross Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.