Guideline Value for DASA MAHAN 1ST STREET

Dasa Mahan 1st Street guideline value

The current guideline value of Dasa Mahan 1st Street is Rs 3,800 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 II Type - II.

How the guideline value of Dasa Mahan 1st Street has changed

The guideline value for Dasa Mahan 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 420 per sq.ft. This increased to Rs 461 per sq.ft in 2003, followed by a rise to Rs 550 per sq.ft in 2007. In 2012, the value was recorded at Rs 3,500 per sq.ft, but it then decreased to Rs 2,345 per sq.ft in 2017. The guideline value increased significantly to Rs 3,500 per sq.ft in 2023 and is now Rs 3,800 per sq.ft in 2024.

Between the revisions, the changes have varied. From 2002 to 2003, there was a 10% increase, followed by a 19% rise from 2003 to 2007. The value saw a substantial increase of 536% from 2007 to 2012. However, it decreased by 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 805%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Dasa Mahan 1st Street's 2024 guideline value is above this median.

• Dasa Mahan: Rs 3,800 per sq.ft (2024)
• Dasa Mahan 2nd Street: Rs 3,800 per sq.ft (2024)
• Dasa Mahan 3rd Street: Rs 3,800 per sq.ft (2024)
• Dasari Street: Rs 2,200 per sq.ft (2024)
• Damodaran Nagar Link Road: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Dasa Mahan 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dasa Mahan 1st Street?

The Sub Registrar Office that covers Dasa Mahan 1st 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 used as a reference point during property registration in Perambur. When a property is sold, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property transactions. The guideline value serves to standardize property valuations across different areas, providing a fair basis for taxation and registration.

Frequently asked questions

What is the current guideline value of Dasa Mahan 1st Street?

The current guideline value of Dasa Mahan 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 805% over the years.

What are the stamp duty and registration fees for properties in Dasa Mahan 1st Street?

The stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 3,42,000.

Which office handles the registration for Dasa Mahan 1st Street?

The Purasaivakkam Sub Registrar Office handles the registration for Dasa Mahan 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Dasa Mahan 1st Street?

Dasa Mahan 1st Street is classified as Residential Class II Type - II, indicating its suitability for residential development.