Guideline Value for DASARI STREET

Dasari Street guideline value

The current guideline value of Dasari Street, located in Perambur village under the Purasaivakkam SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Dasari Street has changed

The guideline value for Dasari Street has seen several revisions over the years. In the 2002 revision, the value was Rs 336 per sq.ft. This increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 500 per sq.ft in 2007, which was a 36% increase from the previous year. The 2012 revision saw a drop to Rs 2,000 per sq.ft, a decrease of 300% from the 2007 figure.

In the 2017 revision, the value increased to Rs 1,340 per sq.ft, reflecting a 49% rise from the 2012 revision. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent 2024 revision has established the current guideline value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year. There are no figures available for revisions in years not listed.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft for the 2024 revision. The median value for these streets is Rs 2,700 per sq.ft, indicating that Dasari Street's 2024 figure is below this median.

• Dasa Mahan 3rd Street: Rs 3,800 per sq.ft (2024)
• 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)
• 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 Dasari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that 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 assistance.

Which Sub Registrar Office covers Dasari Street?

The Sub Registrar Office that covers Dasari 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 crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Dasari Street?

The current guideline value of Dasari Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 336 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 555% over the years.

What are the stamp duty and registration fees for property in Dasari Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Dasari Street?

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

What is the land classification for Dasari Street?

Dasari Street is classified under Residential Class IV Type - I, which indicates its designation for residential use within the area.