Guideline Value for DASA MAHAN 3RD STREET

Dasa Mahan 3rd Street guideline value

The current guideline value of Dasa Mahan 3rd 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 it falls under the Residential Class II Type - II land classification.

How the guideline value of Dasa Mahan 3rd Street has changed

The guideline value for Dasa Mahan 3rd Street has seen significant changes over the years. In the 2002 revision, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003. The value continued to rise, reaching Rs 550 per sq.ft in 2007. The 2012 revision saw a notable increase to Rs 3,500 per sq.ft, but this was followed by a decrease to Rs 2,345 per sq.ft in 2017. The value then increased again to Rs 3,500 per sq.ft in 2023, and most recently, it has risen to Rs 3,800 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a 49% increase, and from 2023 to 2024, the increase was 9%. The largest jump occurred between 2007 and 2012, with an increase of 536%. Overall, from 2002 to 2024, the guideline value has increased by 805%. The register has no figure for the years not mentioned in the revisions.

Guideline values in Perambur

In Perambur village, 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, with a median value of Rs 2,700 per sq.ft. Dasa Mahan 3rd Street's 2024 figure of Rs 3,800 per sq.ft is above this median.

• Dasa Mahan 2nd Street: Rs 3,800 per sq.ft (2024)
• Dasa Mahan 1st Street: Rs 3,800 per sq.ft (2024)
• Dasa Mahan: 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 3rd 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, making the total cost for these fees Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dasa Mahan 3rd Street?

The Sub Registrar Office that covers Dasa Mahan 3rd 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 a critical reference point during property transactions in Perambur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value helps ensure that the property is registered at a fair value, which is essential for legal and taxation purposes.

When a property is sold, the buyer and seller must refer to the guideline value to ascertain the appropriate fees. This process helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved in the sale.

Frequently asked questions

What is the current guideline value of Dasa Mahan 3rd Street?

The current guideline value of Dasa Mahan 3rd 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 significantly, from Rs 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 805% over this period.

What is the stamp duty for property in Dasa Mahan 3rd Street?

The stamp duty for property in Dasa Mahan 3rd Street is 7% of the guideline value. For a 1,000 sq.ft plot at the current rate, this amounts to Rs 2,66,000.

Where can I find the Sub Registrar Office for Dasa Mahan 3rd Street?

The Sub Registrar Office for Dasa Mahan 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value, which is essential for legal and taxation purposes.