Guideline Value for DAMODARAN NAGAR LINK ROAD

Damodaran Nagar Link Road guideline value

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

How the guideline value of Damodaran Nagar Link Road has changed

The guideline value for Damodaran Nagar Link Road has undergone several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, reflecting a 355% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, marking a 33% drop. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, which was a 49% rise from the previous revision. The current revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, representing an 8% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value in 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Damodaran Nagar Link Road.

• Damodaran Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Damodaran Nagar Link Road

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 at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Damodaran Nagar Link Road?

The Sub Registrar Office that covers Damodaran Nagar Link Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Damodaran Nagar Link Road?

The current guideline value of Damodaran Nagar Link Road 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 changed from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 391% over the years.

What is the land classification for Damodaran Nagar Link Road?

Damodaran Nagar Link Road is classified as Residential Class III Type - II.

Where can I find the registration office for Damodaran Nagar Link Road?

The registration office for Damodaran Nagar Link Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 2,43,000.