Guideline Value for DASS STREET

Dass Street guideline value

The current guideline value of Dass Street in Puliyur village under the Kodambakkam SRO is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - II land classification.

How the guideline value of Dass Street has changed

The guideline value of Dass Street has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 4,000 per sq.ft, marking a change of +233%. The 2023 revision maintained the value at Rs 4,000 per sq.ft, and in the latest 2024 revision, it increased to Rs 4,400 per sq.ft, reflecting a change of +10% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +267%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as of the 2024 revision. The median guideline value for these streets is Rs 5,800 per sq.ft, indicating that the guideline value of Dass Street is below this median.

• Dass Puram: Rs 4,400 per sq.ft (2024)
• Dayalammal Street: Rs 4,400 per sq.ft (2024)
• Deivasigamani 1st Street: Rs 3,800 per sq.ft (2024)
• Deivasigamani 2nd Street: Rs 3,800 per sq.ft (2024)
• Corporation Colony 2nd Street: Rs 7,100 per sq.ft (2024)
• Corporation Colony 1st Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dass Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dass Street?

The Sub Registrar Office that covers Dass Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps buyers and sellers navigate the financial aspects of the deal. It is essential to consider this value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Dass Street?

The current guideline value of Dass Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +267%.

What is the registration office for Dass Street?

The registration office for Dass Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Dass Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

What are the guideline values of other streets in Puliyur?

Other streets in Puliyur have varying guideline values, ranging from Rs 3,800 to Rs 7,100 per sq.ft as of the 2024 revision.