Guideline Value for DAVIDPURAM

Davidpuram guideline value

The current guideline value of Davidpuram, located in Purasaivakkam village under the Purasaivakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Davidpuram has changed

The guideline value for Davidpuram has undergone several revisions over the years. In 2007, the value was set at Rs 1,800 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 122%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then increased again to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value of Davidpuram is below this median.

• Darga Road: Rs 3,300 per sq.ft (2024)
• Damodaran Lane: Rs 6,500 per sq.ft (2024)
• Damodara Mudali Street: Rs 6,500 per sq.ft (2024)
• Dadasha Mahan Square 1st Street: Rs 4,400 per sq.ft (2024)
• Dadasha Mahan 3rd Street: Rs 4,400 per sq.ft (2024)
• Dadasha Mahan 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Davidpuram

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, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Davidpuram?

The Sub Registrar Office that covers Davidpuram is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Davidpuram?

The current guideline value of Davidpuram 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 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Davidpuram?

Davidpuram is classified as Residential Class IV Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000, resulting in a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Davidpuram?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles registrations for Davidpuram.