Guideline Value for DASARPURAM 3RD STREET

Dasarpuram 3rd Street guideline value

The current guideline value of Dasarpuram 3rd Street is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Dasarpuram 3rd Street has changed

The guideline value for Dasarpuram 3rd Street has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the value to Rs 870 per sq.ft, marking a 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 18%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The absence of data for these years means that the changes in guideline value are only reflected in the revisions from 2017, 2023, and 2024.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Dasarpuram 3rd Street's 2024 guideline value of Rs 870 per sq.ft is above this median.

• Dasarpuram 2nd Street: Rs 870 per sq.ft (2024)
• Dasarpuram & Streets: Rs 870 per sq.ft (2024)
• Dasarpuram 1st Street: Rs 870 per sq.ft (2024)
• Damodaran Nagar & Streets: Rs 770 per sq.ft (2024)
• Damodaran Nagar Main Street: Rs 770 per sq.ft (2024)
• Damodaran Nagar 3rd Cross St: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Dasarpuram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value would be Rs 8,70,000. The stamp duty at 7% would amount to Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total fees together to Rs 78,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dasarpuram 3rd Street?

The Dasarpuram 3rd Street falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the financial obligations associated with the transaction, such as stamp duty and registration fees, which are based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dasarpuram 3rd Street?

The current guideline value of Dasarpuram 3rd Street is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This marks an overall increase of 18% from 2017 to 2024.

What is the land classification of Dasarpuram 3rd Street?

Dasarpuram 3rd Street is classified as Residential Class II Type - II according to the local guidelines.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900 and the registration fee would be Rs 17,400, totaling Rs 78,300. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.