Guideline Value for DASA MAHAN

Dasa Mahan guideline value

The current guideline value of Dasa Mahan, located in Perambur village under the Purasaivakkam SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Dasa Mahan has changed

The guideline value for Dasa Mahan has seen several revisions over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value then rose by 19% to Rs 550 per sq.ft in 2007. A significant increase occurred in 2012, where the value jumped to Rs 3,500 per sq.ft, reflecting a 536% increase. However, this was followed by a decrease to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 805%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with 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, indicating that Dasa Mahan's 2024 figure is above this median.

• Dasa Mahan 1st Street: 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

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 fees Rs 3,42,000. 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 Dasa Mahan?

The Sub Registrar Office that covers Dasa Mahan 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 plays a crucial role during property registration in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. The fees are calculated based on the higher of the guideline value or the actual sale price of the property.

When engaging in a property transaction, it is essential to be aware of the current guideline value to ensure compliance with regulatory requirements and to accurately assess the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Dasa Mahan?

The current guideline value of Dasa Mahan 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 property in Dasa Mahan?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000, and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers Dasa Mahan?

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

What is the land classification of Dasa Mahan?

Dasa Mahan falls under the Residential Class II Type - II land classification as per the guideline value register.