Guideline Value for DARGA ROAD

Darga Road guideline value

The current guideline value of Darga Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Darga Road has changed

The guideline value of Darga Road has undergone several revisions over the years. The 2007 revision recorded a value of Rs 1,100 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a rise of 173%. However, the value then decreased to Rs 2,010 per sq.ft in the 2017 revision, a decline of 33%. The 2023 revision saw a substantial increase to Rs 3,000 per sq.ft, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, reflecting a growth of 10%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, placing Darga Road's 2024 figure below this median.

• Damodaran Lane: Rs 6,500 per sq.ft (2024)
• Damodara Mudali Street: Rs 6,500 per sq.ft (2024)
• Davidpuram: Rs 4,400 per sq.ft (2024)
• Dadasha Mahan Square 1st Street: Rs 4,400 per sq.ft (2024)
• Dadasha Mahan 3rd Street: Rs 4,400 per sq.ft (2024)
• Dadasha Mahan 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Darga Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Darga Road?

Darga Road falls under the jurisdiction of 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 Purasaivakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Darga Road?

The current guideline value of Darga Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 200% over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value for streets in Purasaivakkam is Rs 5,500 per sq.ft, which is higher than the guideline value of Darga Road.

What are the stamp duty rates applicable in Darga Road?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Darga Road located?

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